Rotary Club of Seminole Lake Charitable Foundation Inc

Analysis

Rotary Club of Seminole Lake Charitable Foundation Inc is a registered charity in United States, based in Seminole, FL. It received its IRS tax-exemption ruling in January 1991, 35 years ago. 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, Rotary Club of Seminole Lake Charitable Foundation Inc reported income of $77k and spending of $64k, spending 83% of its income. Across the 2 years on record, from June 2019 to June 2023, income grew from $57k to $77k (+36%), an average of +36% a year. The sharpest change came in the year to June 2023, when income rose by 36%. Over the whole period it spent 77% 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 Seminole Lake Charitable Foundation Inc 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 34th percentile within FL. Charities of a similar size with the same main cause include Good Neighbor Fund Okoboji Spirit Lake Territory ($77k), Burlington Athletic Booster Club Inc ($77k) and Lola M Remington Trust Interfirst Bank Wichita Falls Na ($77k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 53% of the total. At year end it held assets of $203k against liabilities of $0, net assets of $203k.