Racine Founders Club Rotary Foundation Inc

Analysis

Racine Founders Club Rotary Foundation Inc is a registered charity in United States, based in Racine, WI. It received its IRS tax-exemption ruling in September 1990, 36 years ago. 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, Racine Founders Club Rotary Foundation Inc reported income of $91k and spending of $44k, leaving 51% of income unspent that year. Across the 2 years on record, from June 2023 to June 2024, income grew from $69k to $91k (+32%), an average of +32% a year. The sharpest change came in the year to June 2024, when income rose by 32%. Over the whole period it spent 61% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Racine Founders Club Rotary Foundation Inc sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 34th percentile, and in the 33rd percentile within WI. Charities of a similar size with the same main cause include Scripps Ranch High School Music Boosters ($91k), Hooper Avenue Elementary School ($91k) and Plainview Senior Service Ctr Inc ($91k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 22% of the total. At year end it held assets of $444k against liabilities of $147k, net assets of $297k.