Reading Rotary Charitable TR

Analysis

Reading Rotary Charitable TR is a registered charity in United States, based in Reading, MA. It received its IRS tax-exemption ruling in March 2016, 10 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 2023, Reading Rotary Charitable TR reported income of $82k and spending of $54k, leaving 34% of income unspent that year. Across the 2 years on record, from June 2022 to June 2023, income grew from $54k to $82k (+52%), an average of +52% a year. The sharpest change came in the year to June 2023, when income rose by 52%. Over the whole period it spent 78% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Reading Rotary Charitable TR sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 32nd percentile, and in the 39th percentile within MA. Charities of a similar size with the same main cause include San Francisco Travel Foundation ($82k), Spring Valley Education Foundation ($82k) and North Allegheny Football Boosters Association ($82k).

On its Form 990-EZ for the period ending June 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $101k against liabilities of $0, net assets of $101k.