Newark Rotary Foundation

Analysis

Newark Rotary Foundation is a registered charity in United States, based in Newark, CA. It received its IRS tax-exemption ruling in October 2012, 14 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Newark Rotary Foundation reported income of $60k and spending of $51k, spending 85% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $53k to $60k (+13%), an average of +3.1% a year. The sharpest change came in the year to June 2023, when income rose by 908%. Over the whole period it spent 99% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Newark Rotary Foundation sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 24th percentile, and in the 26th percentile within CA. Charities of a similar size with the same main cause include Dragonsports USA Inc ($60k), Children Helping Children Inc ($60k) and Cheyenne Board of Realtors Family Fund ($60k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 20% of the total. At year end it held assets of $27k against liabilities of $0, net assets of $27k.