Rotary Zones 25 & 29 Foundation

Analysis

Rotary Zones 25 & 29 Foundation is a registered charity in United States, based in Duluth, MN. It received its IRS tax-exemption ruling in January 2016, 10 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Rotary Zones 25 & 29 Foundation reported income of $271k and spending of $262k, spending 97% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $167k to $271k (+62%), an average of +13% a year. The sharpest change came in the year to June 2022, when income rose by 1404%. Over the whole period it spent 91% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Rotary Zones 25 & 29 Foundation sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 59th percentile within MN. Charities of a similar size with the same main cause include Homestead Valley Community Assn ($271k), Main Street Monroe Inc ($271k) and Downtown Driggs Association Inc ($271k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 3.0% and program service revenue 89% of the total. At year end it held assets of $180k against liabilities of $60k, net assets of $120k.