Westbank Rotary Club Foundation

Analysis

Westbank Rotary Club Foundation is a registered charity in United States, based in Gretna, LA. It received its IRS tax-exemption ruling in January 1966, 60 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Westbank Rotary Club Foundation reported income of $170k and spending of $291k, spending 171% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $141k to $170k (+21%), an average of +6.5% a year. The sharpest change came in the year to June 2021, when income rose by 103%. Over the whole period it spent 117% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Westbank Rotary Club Foundation sits at the 55th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 49th percentile within LA. Charities of a similar size with the same main cause include LGBT Charities Inc ($170k), Grand Prairie Gardens Inc ($170k) and Spring-Ford Area School District Educational Foundation ($170k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.6% and program service revenue 1.2% of the total. Other salaries and wages came to $33k. At year end it held assets of $3.0m against liabilities of $0, net assets of $3.0m. It reported 14 employees.