Rotary Club of Lakeville Foundation

Analysis

Rotary Club of Lakeville Foundation is a registered charity in United States, based in Lakeville, MN. It received its IRS tax-exemption ruling in July 2014, 12 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 (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 Lakeville Foundation reported income of $138k and spending of $118k, spending 85% of its income. Across the 3 years on record, from June 2019 to June 2023, income fell from $170k to $138k (-19%), an average of -9.8% a year. Over the whole period it spent 82% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Rotary Club of Lakeville Foundation sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 43rd percentile within MN. Charities of a similar size with the same main cause include Jeffrey Osborne Foundation ($138k), You Might Be for Auburn Foundation ($138k) and Muslim Sisters of Staten Island ($138k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 4.7% of the total. At year end it held assets of $225k against liabilities of $30k, net assets of $195k.