Portage Rotary Charities

Analysis

Portage Rotary Charities is a registered charity in United States, based in Portage, MI. It received its IRS tax-exemption ruling in July 1997, 29 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Portage Rotary Charities reported income of $55k and spending of $37k, leaving 33% of income unspent that year. Across the 3 years on record, from June 2022 to June 2024, income grew from $35k to $55k (+58%), an average of +26% a year. The sharpest change came in the year to June 2023, when income rose by 215%. Over the whole period it spent 75% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Portage Rotary Charities sits at the 27th percentile: it is larger than about 27% of them. Against every charity in United States with reported income it ranks in the 21st percentile, and in the 21st percentile within MI. Charities of a similar size with the same main cause include Hugz4haiti ($55k), Henry Barnard Memorial Fund Inc ($55k) and Northern Kentucky Medical Foundation Inc ($55k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 82% of the total. At year end it held assets of $125k against liabilities of $10k, net assets of $115k.