Virginia Rotary Apartments Inc

Analysis

Virginia Rotary Apartments Inc is a registered charity in United States, based in Virginia, MN. It received its IRS tax-exemption ruling in April 1979, 47 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 December 2023, Virginia Rotary Apartments Inc reported income of $214k and spending of $181k, spending 84% of its income. Across the 3 years on record, from December 2021 to December 2023, income fell from $215k to $214k (-0.3%), an average of -0.2% a year. Over the whole period it spent 83% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Virginia Rotary Apartments Inc sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 54th percentile within MN. Charities of a similar size with the same main cause include Care Net Pregnancy Center of Orleans County ($214k), Hillside - Fmha LLC ($214k) and Eglise Baptiste Salem ($214k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 99% of the total. At year end it held assets of $555k against liabilities of $320k, net assets of $235k.