Richardson East Rotary Foundation

Analysis

Richardson East Rotary Foundation is a registered charity in United States, based in Richardson, TX. It received its IRS tax-exemption ruling in December 2004, 22 years ago. Its declared purposes cover education, which this site groups under education and training. 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 2024, Richardson East Rotary Foundation reported income of $73k and spending of $58k, leaving 20% of income unspent that year. Across the 3 years on record, from June 2019 to June 2024, income fell from $311k to $73k (-77%), an average of -52% a year. The sharpest change came in the year to June 2023, when income dropped by 66%. Over the whole period it spent 104% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Richardson East Rotary Foundation sits at the 31st percentile: it is larger than about 31% of them. Against every charity in United States with reported income it ranks in the 28th percentile, and in the 30th percentile within TX. Charities of a similar size with the same main cause include International Shalom Fellowship ($73k), Flotilla 32 Inc ($73k) and West Valley Football Boosters ($73k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 59% of the total. At year end it held assets of $272k against liabilities of $124k, net assets of $147k.