Rotary Club of Homestead Charitable Foundation Inc

Analysis

Rotary Club of Homestead Charitable Foundation Inc is a registered charity in United States, based in Homestead, FL. It received its IRS tax-exemption ruling in August 1999, 27 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Rotary Club of Homestead Charitable Foundation Inc reported income of $292k and spending of $219k, leaving 25% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income grew from $197k to $292k (+48%), an average of +14% a year. The sharpest change came in the year to June 2022, when income rose by 1495%. Over the whole period it spent 67% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Rotary Club of Homestead Charitable Foundation Inc sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 64th percentile within FL. Charities of a similar size with the same main cause include Morongo Basin Arch ($291k), Junior League of Huntsville Inc ($292k) and PX Project Inc ($291k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $356k against liabilities of $1,491, net assets of $355k.