Venice-Nokomis Rotary Foundation Inc

Analysis

Venice-Nokomis Rotary Foundation Inc is a registered charity in United States, based in Venice, FL. It received its IRS tax-exemption ruling in October 1991, 35 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Venice-Nokomis Rotary Foundation Inc reported income of $95k and spending of $146k, spending 154% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $194k to $95k (-51%), an average of -51% a year. The sharpest change came in the year to December 2023, when income dropped by 51%. Over the whole period it spent 99% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Venice-Nokomis Rotary Foundation Inc sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 39th percentile within FL. Charities of a similar size with the same main cause include Research Initiatives for Development Education ($95k), Woodland Golf Club Scholarship Foundation Inc ($95k) and Edison Parent-Teacher Organization ($95k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 6.8% of the total. At year end it held assets of $281k against liabilities of $31k, net assets of $250k.