Union City Rotary Foundation Inc

Analysis

Union City Rotary Foundation Inc is a registered charity in United States, based in Union City, TN. It received its IRS tax-exemption ruling in July 1983, 43 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, Union City Rotary Foundation Inc reported income of $377k and spending of $461k, spending 122% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $257k to $377k (+47%), an average of +10% a year. The sharpest change came in the year to June 2022, when income rose by 52%. Over the whole period it spent 128% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Union City Rotary Foundation Inc sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 67th percentile within TN. Charities of a similar size with the same main cause include Lafayette Home and School Association D C Public School ($377k), Jones Family Foundation ($377k) and Myers Park High School Foundation Inc ($377k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 68% of the total. At year end it held assets of $5.0m against liabilities of $0, net assets of $5.0m.

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.