Rotary Club of Wilmington Educational Foundation

Analysis

Rotary Club of Wilmington Educational Foundation is a registered charity in United States, based in Wilmington, DE. It received its IRS tax-exemption ruling in November 1990, 36 years ago. 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 Wilmington Educational Foundation reported income of $56k and spending of $114k, spending 205% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income fell from $82k to $56k (-32%), an average of -12% a year. The sharpest change came in the year to June 2021, when income rose by 662%. Over the whole period it spent 34% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Rotary Club of Wilmington Educational Foundation sits at the 21st percentile: it is larger than about 21% of them. Against every charity in United States with reported income it ranks in the 22nd percentile, and in the 20th percentile within DE. Charities of a similar size with the same main cause include Bucksport Community Concerns Inc ($56k), Mission Acts Ministries ($56k) and Chinese Institute of Engineers USA ($56k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 30% of the total. At year end it held assets of $1.8m against liabilities of $171k, net assets of $1.7m.