Hollywood Rotary Foundation Inc

Analysis

Hollywood Rotary Foundation Inc is a registered charity in United States, based in Hollywood, FL. It received its IRS tax-exemption ruling in November 1979, 47 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Hollywood Rotary Foundation Inc reported income of $135k and spending of $65k, leaving 52% of income unspent that year. The sharpest change came in the year to June 2023, when income rose by 33%. Over the whole period it spent 90% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Hollywood Rotary Foundation Inc sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 48th percentile within FL. Charities of a similar size with the same main cause include Center for the Advancement of the Steady State Economy ($135k), New Operation Cooper Street Inc ($135k) and DTCF Partnership Inc ($135k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 9.8% of the total. At year end it held assets of $1.3m against liabilities of $3,072, net assets of $1.3m.