Rotary Club of Duluth Foundation

Analysis

Rotary Club of Duluth Foundation is a registered charity in United States, based in Duluth, MN. It received its IRS tax-exemption ruling in September 1993, 33 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, Rotary Club of Duluth Foundation reported income of $52k and spending of $19k, leaving 64% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $47k to $52k (+11%), an average of +2.6% a year. The sharpest change came in the year to June 2020, when income rose by 38%. Over the whole period it spent 51% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Rotary Club of Duluth Foundation sits at the 20th percentile: it is larger than about 20% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 16th percentile within MN. Charities of a similar size with the same main cause include Voices of Change Inc ($52k), Fort Ann Youth League Inc ($52k) and American Inns of Court Foundation ($52k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 77% of the total. At year end it held assets of $384k against liabilities of $6,000, net assets of $378k.