Rotary Foundation of Washington DC

Analysis

Rotary Foundation of Washington DC is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in December 1937, 89 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 Foundation of Washington DC reported income of $326k and spending of $462k, spending 142% of what it took in. Across the 4 years on record, from June 2019 to June 2023, income grew from $22k to $326k (+1370%), an average of +145% a year. The sharpest change came in the year to June 2021, when income rose by 986%. Over the whole period it spent 194% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Rotary Foundation of Washington DC sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 37th percentile within DC. Charities of a similar size with the same main cause include Ujf Holdings Corp ($326k), Chapel Vision Community Development Corporation ($326k) and Xcelerate Women ($326k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 13% of the total. At year end it held assets of $8.2m against liabilities of $15k, net assets of $8.1m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.