Lincoln County Rotary Student Loan Fund Inc

Analysis

Lincoln County Rotary Student Loan Fund Inc is a registered charity in United States, based in Lincolnton, NC. It received its IRS tax-exemption ruling in September 2001, 25 years ago. Its declared purposes cover education, which this site groups under education and training. 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 2024, Lincoln County Rotary Student Loan Fund Inc reported income of $148k and spending of $115k, leaving 22% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $87k to $148k (+70%), an average of +14% a year. The sharpest change came in the year to June 2024, when income rose by 38%. Over the whole period it spent 84% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Lincoln County Rotary Student Loan Fund Inc sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 45th percentile within NC. Charities of a similar size with the same main cause include Penns Manor Foundation ($148k), Hamilton Middle School Ptsa Seattle Council ($148k) and Harvey Milk Parent Faculty Club ($148k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 42% and program service revenue 54% of the total. Other salaries and wages came to $37k. At year end it held assets of $2.9m against liabilities of $897, net assets of $2.9m. It reported 1 employees.