Rotary Club of Gainesville Foundation Inc

Analysis

Rotary Club of Gainesville Foundation Inc is a registered charity in United States, based in Gainesville, FL. It received its IRS tax-exemption ruling in January 1989, 37 years ago. 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 December 2023, Rotary Club of Gainesville Foundation Inc reported income of $304k and spending of $256k, spending 84% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $279k to $304k (+9.1%), an average of +2.2% a year. The sharpest change came in the year to December 2022, when income rose by 378%. Over the whole period it spent 94% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Rotary Club of Gainesville Foundation Inc sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 65th percentile within FL. Charities of a similar size with the same main cause include Friends of the Johnson County Library Inc ($304k), Live Oak High School Band and Color Guard Boosters Club Inc ($304k) and St John Youth Baseball Inc ($304k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% of the total. At year end it held assets of $868k against liabilities of $0, net assets of $868k.