Rotary Charities of Traverse City

Analysis

Rotary Charities of Traverse City is a registered charity in United States, based in Traverse City, MI. It received its IRS tax-exemption ruling in June 1978, 48 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 supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Rotary Charities of Traverse City reported income of $2.4m and spending of $3.3m, spending 138% of what it took in. Across the 6 years on record, from June 2019 to June 2024, income fell from $3.1m to $2.4m (-22%), an average of -4.9% a year. The sharpest change came in the year to June 2021, when income rose by 307%. Over the whole period it spent 106% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Rotary Charities of Traverse City sits at the 87th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 88th percentile within MI. Charities of a similar size with the same main cause include Institute for Sustainable Infrastructure ($2.4m), New Day Products Inc ($2.4m) and Stapleton Foundation for ($2.4m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 3.6% and program service revenue 2.3% of the total. Compensation of current officers, directors and key employees was $137k (4.1% of expenses). Other salaries and wages came to $421k. At year end it held assets of $48.2m against liabilities of $278k, net assets of $47.9m. It reported 6 employees.