Rotary Club 29 Foundation

Analysis

Rotary Club 29 Foundation is a registered charity in United States, based in Oklahoma City, OK. It received its IRS tax-exemption ruling in March 1960, 66 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 29 Foundation reported income of $878k and spending of $681k, leaving 22% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $308k to $878k (+186%), an average of +30% a year. The sharpest change came in the year to June 2021, when income rose by 227%. Over the whole period it spent 68% 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 29 Foundation sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 79th percentile within OK. Charities of a similar size with the same main cause include West Side Forward NFP ($878k), Open Primaries Education Fund ($878k) and Sunshine Workshop Inc ($878k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 68% of the total. At year end it held assets of $2.6m against liabilities of $92k, net assets of $2.5m.