The Rotary Club of Minnetonka Foundation

Analysis

The Rotary Club of Minnetonka Foundation is a registered charity in United States, based in Edina, MN. It received its IRS tax-exemption ruling in November 1992, 34 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, The Rotary Club of Minnetonka Foundation reported income of $55k and spending of $36k, leaving 36% of income unspent that year. Across the 2 years on record, from June 2022 to June 2023, income fell from $75k to $55k (-27%), an average of -27% a year. The sharpest change came in the year to June 2023, when income dropped by 27%. Over the whole period it spent 70% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, The Rotary Club of Minnetonka Foundation sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 22nd percentile, and in the 18th percentile within MN. Charities of a similar size with the same main cause include Steel Hearts Inc ($55k), Junior Service League of Shawnee Inc ($55k) and Saratoga Springs Lions Club Foundation Inc ($55k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $166k against liabilities of $0, net assets of $166k.