Rotary Club of Downtown Wilmington Foundation

Analysis

Rotary Club of Downtown Wilmington Foundation is a registered charity in United States, based in Wilmington, NC. It received its IRS tax-exemption ruling in August 2014, 12 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Rotary Club of Downtown Wilmington Foundation reported income of $84k and spending of $83k, spending 99% of its income. Across the 3 years on record, from June 2022 to June 2024, income grew from $77k to $84k (+8.4%), an average of +4.1% a year. Over the whole period it spent 88% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Rotary Club of Downtown Wilmington 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 32nd percentile, and in the 30th percentile within NC. Charities of a similar size with the same main cause include Historic Lebanon Tomorrow Inc ($84k), South Hill Community Development Association Inc ($84k) and Mercer Island Community Fund ($84k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 6.8% of the total. At year end it held assets of $192k against liabilities of $0, net assets of $192k.