Rotary Club of Eagle Grove Home Inc

Analysis

Rotary Club of Eagle Grove Home Inc is a registered charity in United States, based in Eagle Grove, IA. It received its IRS tax-exemption ruling in March 1973, 53 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, Rotary Club of Eagle Grove Home Inc reported income of $4.5m and spending of $4.7m, spending 105% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.5m to $4.5m (+29%), an average of +6.5% a year. The sharpest change came in the year to June 2023, when income rose by 27%. Over the whole period it spent 107% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Rotary Club of Eagle Grove Home Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 92nd percentile within IA. Charities of a similar size with the same main cause include Appa-Association of Higher Education Facilities Officers ($4.5m), Honorable Order of Kentucky Colonels Inc ($4.5m) and Step Forward Activity Center Inc ($4.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.4% and program service revenue 99% of the total. Other salaries and wages came to $2.1m. At year end it held assets of $8.4m against liabilities of $5.8m, net assets of $2.6m. It reported 90 employees.

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.