Edina Rotary Foundation Inc

Analysis

Edina Rotary Foundation Inc is a registered charity in United States, based in Edina, MN. It received its IRS tax-exemption ruling in March 1984, 42 years ago. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Edina Rotary Foundation Inc reported income of $245k and spending of $265k, spending 108% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $207k to $245k (+18%), an average of +4.3% a year. The sharpest change came in the year to June 2021, when income rose by 72%. Over the whole period it spent 72% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Edina Rotary Foundation Inc sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 56th percentile within MN. Charities of a similar size with the same main cause include College Area Swim Association ($245k), Honoring Heros Foundation ($245k) and Carver Center ($245k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 75% and program service revenue 18% of the total. At year end it held assets of $805k against liabilities of $40k, net assets of $765k.