Minneapolis Rotary Foundation

Analysis

Minneapolis Rotary Foundation is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in September 1979, 47 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Minneapolis Rotary Foundation reported income of $131k and spending of $203k, spending 155% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $212k to $131k (-38%), an average of -11% a year. The sharpest change came in the year to June 2022, when income rose by 32%. Over the whole period it spent 116% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Minneapolis Rotary Foundation sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 41st percentile within MN. Charities of a similar size with the same main cause include Marten Luther King Community Develo Pment Corporation ($131k), Junior League of Greater Orlando Florida Inc ($131k) and Pioneer Community Development Corporation ($131k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 42% of the total. At year end it held assets of $3.7m against liabilities of $5,500, net assets of $3.7m.

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.