Norfolk Rotary Charities Inc

Analysis

Norfolk Rotary Charities Inc is a registered charity in United States, based in Norfolk, VA. It received its IRS tax-exemption ruling in February 1999, 27 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Norfolk Rotary Charities Inc reported income of $92k and spending of $80k, spending 86% of its income. Across the 4 years on record, from June 2020 to June 2023, income fell from $144k to $92k (-36%), an average of -14% a year. The sharpest change came in the year to June 2022, when income rose by 95%. Over the whole period it spent 82% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Norfolk Rotary Charities Inc sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 35th percentile, and in the 34th percentile within VA. Charities of a similar size with the same main cause include Ironwood Community Foundation ($92k), Gateway Foundation Inc ($92k) and Atassi Foundation ($92k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 135% of the total. At year end it held assets of $834k against liabilities of $2,000, net assets of $832k.