Texarkana Wilbur Smith Rotary Club Foundation

Analysis

Texarkana Wilbur Smith Rotary Club Foundation is a registered charity in United States, based in Texarkana, TX. It received its IRS tax-exemption ruling in December 1998, 28 years ago. Its declared purposes cover education, which this site groups under education and training. 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 2024, Texarkana Wilbur Smith Rotary Club Foundation reported income of $187k and spending of $140k, leaving 25% of income unspent that year. Across the 2 years on record, from June 2023 to June 2024, income fell from $221k to $187k (-15%), an average of -15% a year. The sharpest change came in the year to June 2024, when income dropped by 15%. Over the whole period it spent 68% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Texarkana Wilbur Smith Rotary Club Foundation sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 56th percentile within TX. Charities of a similar size with the same main cause include Wyalusing Area Education Foundation ($187k), Intl Assoc of Heat & Frost Insulators ($187k) and Upward Hope Academy Inc ($187k).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 100% of the total. At year end it held assets of $136k against liabilities of $0, net assets of $136k.