Rotary Club of Vero Beach Sunrise Foundation Inc

Analysis

Rotary Club of Vero Beach Sunrise Foundation Inc is a registered charity in United States, based in Vero Beach, FL. It received its IRS tax-exemption ruling in May 2012, 14 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 Vero Beach Sunrise Foundation Inc reported income of $195k and spending of $146k, leaving 25% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $111k to $195k (+75%), an average of +15% a year. The sharpest change came in the year to June 2022, when income rose by 298%. Over the whole period it spent 94% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Rotary Club of Vero Beach Sunrise 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 53rd percentile, and in the 57th percentile within FL. Charities of a similar size with the same main cause include Partnership Center for Adult Day Care Inc ($195k), Black Impact Collaborative ($195k) and Echo Orphancare Partners ($195k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 52% of the total. Compensation of current officers, directors and key employees was $5,500 (3.8% of expenses). At year end it held assets of $149k against liabilities of $0, net assets of $149k.