Rotary Club of Clearwater Charities Inc

Analysis

Rotary Club of Clearwater Charities Inc is a registered charity in United States, based in Clearwater, FL. It received its IRS tax-exemption ruling in April 1976, 50 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 2023, Rotary Club of Clearwater Charities Inc reported income of $84k and spending of $20k, leaving 76% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $81k to $84k (+2.8%), an average of +0.7% a year. The sharpest change came in the year to June 2021, when income rose by 614%. Over the whole period it spent 52% 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 Clearwater Charities Inc 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 36th percentile within FL. Charities of a similar size with the same main cause include Southbury Junior Womens Club ($83k), National Women Veterans United ($84k) and Milwaukee Fire Bell Club Inc ($83k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 19% of the total. At year end it held assets of $1.5m against liabilities of $0, net assets of $1.5m.