Rotary District 7255 Foundation Inc

Analysis

Rotary District 7255 Foundation Inc is a registered charity in United States, based in Riverhead, NY. It received its IRS tax-exemption ruling in November 2011, 15 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Rotary District 7255 Foundation Inc reported income of $179k and spending of $173k, spending 97% of its income. Across the 3 years on record, from June 2022 to June 2024, income fell from $204k to $179k (-12%), an average of -6.3% a year. Over the whole period it spent 97% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Rotary District 7255 Foundation Inc sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 49th percentile within NY. Charities of a similar size with the same main cause include Icedc Foundation ($179k), Mission Dental Foundation Inc ($179k) and Main Street Lexington ($179k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 8.1% and program service revenue 92% of the total. At year end it held assets of $132k against liabilities of $14k, net assets of $118k.