Rotary Foundation of Apex

Analysis

Rotary Foundation of Apex is a registered charity in United States, based in Apex, NC. It received its IRS tax-exemption ruling in July 1987, 39 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Rotary Foundation of Apex reported income of $78k and spending of $80k, spending 103% of its income. Across the 2 years on record, from June 2022 to June 2023, income grew from $63k to $78k (+24%), an average of +24% a year. The sharpest change came in the year to June 2023, when income rose by 24%. Over the whole period it spent 104% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Rotary Foundation of Apex sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 30th percentile, and in the 28th percentile within NC. Charities of a similar size with the same main cause include Springfield Township Local Cable Communications Board Inc ($78k), Niwot Elementary School Parent Teacher Advisory Council Inc ($78k) and Urban League of Rochester Economic Development Corporation ($78k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 3.8% and program service revenue 0.2% of the total. At year end it held assets of $47k against liabilities of $0, net assets of $47k.