Rotary Club of Wellesley Foundation Inc

Analysis

Rotary Club of Wellesley Foundation Inc is a registered charity in United States, based in Wellesley, MA. It received its IRS tax-exemption ruling in January 2014, 12 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. 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 Wellesley Foundation Inc reported income of $69k and spending of $42k, leaving 39% of income unspent that year. Across the 2 years on record, from June 2022 to June 2023, income grew from $49k to $69k (+42%), an average of +42% a year. The sharpest change came in the year to June 2023, when income rose by 42%. Over the whole period it spent 69% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Rotary Club of Wellesley Foundation Inc sits at the 27th percentile: it is larger than about 27% of them. Against every charity in United States with reported income it ranks in the 27th percentile, and in the 35th percentile within MA. Charities of a similar size with the same main cause include Cg-Opportunities for Underprivileged ($69k), Future Problem Solving Program International Inc ($69k) and PTA New York Congress ($69k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $91k against liabilities of $0, net assets of $91k.