Rotary Club of Grand Rapids- Charities Foundation

Analysis

Rotary Club of Grand Rapids- Charities Foundation is a registered charity in United States, based in Grand Rapids, MI. It received its IRS tax-exemption ruling in August 1991, 35 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Rotary Club of Grand Rapids- Charities Foundation reported income of $122k and spending of $114k, spending 93% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $147k to $122k (-17%), an average of -4.5% a year. The sharpest change came in the year to December 2021, when income rose by 99%. Over the whole period it spent 86% 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 Grand Rapids- Charities Foundation sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 42nd percentile within MI. Charities of a similar size with the same main cause include Kane County Farm Bureau Foundation ($122k), Legacy of Hope Foundation Inc ($122k) and Outreach Center Inc ($122k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 24% of the total. At year end it held assets of $1.5m against liabilities of $90, net assets of $1.5m.