Rotary Club of Metairie Scholarship Foundation Inc

Analysis

Rotary Club of Metairie Scholarship Foundation Inc is a registered charity in United States, based in Metairie, LA. It received its IRS tax-exemption ruling in August 2014, 12 years ago. Its declared purposes cover education, which this site groups under education and training. 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 2024, Rotary Club of Metairie Scholarship Foundation Inc reported income of $131k and spending of $32k, leaving 75% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $32k to $131k (+308%), an average of +42% a year. The sharpest change came in the year to June 2021, when income rose by 441%. Over the whole period it spent 53% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Rotary Club of Metairie Scholarship Foundation Inc sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 43rd percentile within LA. Charities of a similar size with the same main cause include Caribbean Consolidated Schools TR ($131k), Business Diversity Institute ($131k) and Baldwin County Strawberry Festival Inc ($131k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 22% of the total. At year end it held assets of $773k against liabilities of $4,740, net assets of $769k.