Swansboro Rotary Foundation

Analysis

Swansboro Rotary Foundation is a registered charity in United States, based in Swansboro, NC. It received its IRS tax-exemption ruling in June 1995, 31 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Swansboro Rotary Foundation reported income of $119k and spending of $85k, leaving 28% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income grew from $62k to $119k (+92%), an average of +24% a year. The sharpest change came in the year to June 2022, when income rose by 49%. Over the whole period it spent 88% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Swansboro Rotary Foundation sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 39th percentile within NC. Charities of a similar size with the same main cause include Grapevine Community Sailing Education Fund ($119k), Honorary Sheriffs Workforce Initiative Inc ($119k) and Parkmead Education Resources Council ($119k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 37% of the total. Other salaries and wages came to $10k. At year end it held assets of $652k against liabilities of $0, net assets of $652k. It reported 1 employees.