Minneapolis City of Lakes Rotary Foundation

Analysis

Minneapolis City of Lakes Rotary Foundation is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in October 1987, 39 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, Minneapolis City of Lakes Rotary Foundation reported income of $106k and spending of $119k, spending 113% of what it took in. Across the 6 years on record, from June 2019 to June 2024, income fell from $269k to $106k (-61%), an average of -17% a year. The sharpest change came in the year to June 2022, when income dropped by 28%. Over the whole period it spent 92% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Minneapolis City of Lakes Rotary Foundation sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 36th percentile within MN. Charities of a similar size with the same main cause include Chesapeake Synchronized Skating Inc ($106k), Isho III Inc ($106k) and Pop Warner Little Scholars Inc ($106k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 100% of the total. At year end it held assets of $147k against liabilities of $400, net assets of $146k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.