Rotary Club of Westerly Foundation

Analysis

Rotary Club of Westerly Foundation is a registered charity in United States, based in Westerly, RI. It received its IRS tax-exemption ruling in February 2020, 6 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Rotary Club of Westerly Foundation reported income of $64k and spending of $54k, spending 83% of its income. Across the 4 years on record, from December 2020 to June 2024, income fell from $170k to $64k (-62%), an average of -28% a year. The sharpest change came in the year to June 2022, when income dropped by 76%. Over the whole period it spent 44% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Rotary Club of Westerly Foundation sits at the 25th percentile: it is larger than about 25% of them. Against every charity in United States with reported income it ranks in the 25th percentile, and in the 22nd percentile within RI. Charities of a similar size with the same main cause include Dover-Foxcroft Kiwanis Charities ($64k), Junior League of Topeka Inc ($64k) and Junior League of Hampton Roads Inc ($64k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 92% of the total. At year end it held assets of $232k against liabilities of $5,495, net assets of $226k.