Rotary Club of Redding Charitable Foundation

Analysis

Rotary Club of Redding Charitable Foundation is a registered charity in United States, based in Redding, CA. It received its IRS tax-exemption ruling in March 1993, 33 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, Rotary Club of Redding Charitable Foundation reported income of $132k and spending of $94k, leaving 29% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $129k to $132k (+2.2%), an average of +0.6% a year. The sharpest change came in the year to June 2022, when income dropped by 36%. 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, Rotary Club of Redding Charitable Foundation sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 46th percentile within CA. Charities of a similar size with the same main cause include Greene County Industrial Training Council Inc ($132k), Educational Foundation of the Georgia Society of Cpas Inc ($132k) and Delmar Divine Support Corporation ($131k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 64% of the total. Other salaries and wages came to $15k. At year end it held assets of $661k against liabilities of $59k, net assets of $601k.