Detroit Rotary Foundation

Analysis

Detroit Rotary Foundation is a registered charity in United States, based in Rochester HLS, MI. It received its IRS tax-exemption ruling in June 1950, 76 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 2023, Detroit Rotary Foundation reported income of $123k and spending of $105k, spending 85% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $89k to $123k (+38%), an average of +8.4% a year. The sharpest change came in the year to June 2021, when income rose by 62%. Over the whole period it spent 92% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Detroit Rotary 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 McKinley Community ($123k), Volunteer and Exempt Firemans Benevolent Assoc of Fire Dist One ($123k) and Hope Shelter Inc ($123k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 13% and program service revenue 12% of the total. At year end it held assets of $879k against liabilities of $0, net assets of $879k.