Janesville Rotary Foundation

Analysis

Janesville Rotary Foundation is a registered charity in United States, based in Janesville, WI. It received its IRS tax-exemption ruling in February 1945, 81 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, Janesville Rotary Foundation reported income of $105k and spending of $77k, leaving 26% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income fell from $179k to $105k (-41%), an average of -16% a year. The sharpest change came in the year to June 2022, when income rose by 96%. Over the whole period it spent 66% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Janesville Rotary Foundation sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 37th percentile within WI. Charities of a similar size with the same main cause include Innovation Center for Urban Entrepreneurship ($105k), Enterprise Palm Beach Inc ($105k) and Gateway to Entrepreneurial Tomorrows Inc ($105k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 35% of the total. Compensation of current officers, directors and key employees was $2,000 (2.6% of expenses). At year end it held assets of $1.2m against liabilities of $39k, net assets of $1.2m.