Addison Rotary Foundation Inc

Analysis

Addison Rotary Foundation Inc is a registered charity in United States, based in Addison, TX. It received its IRS tax-exemption ruling in April 1991, 35 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 December 2023, Addison Rotary Foundation Inc reported income of $198k and spending of $203k, spending 103% of its income. Across the 4 years on record, from December 2019 to December 2023, income fell from $240k to $198k (-18%), an average of -6.2% a year. Over the whole period it spent 103% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Addison Rotary Foundation Inc sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 58th percentile within TX. Charities of a similar size with the same main cause include Faith and Work Enterprises Inc ($198k), Plaza District Association ($198k) and Southwest Tribal Fisheries Commission Inc ($198k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 114% of the total. At year end it held assets of $17k against liabilities of $12k, net assets of $5,523.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.