Memorial Spring Branch Rotary Club Charities Inc

Analysis

Memorial Spring Branch Rotary Club Charities Inc is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in August 1985, 41 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 June 2023, Memorial Spring Branch Rotary Club Charities Inc reported income of $133k and spending of $103k, leaving 22% of income unspent that year. Across the 2 years on record, from June 2022 to June 2023, income grew from $39k to $133k (+237%), an average of +237% a year. The sharpest change came in the year to June 2023, when income rose by 237%. Over the whole period it spent 116% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Memorial Spring Branch Rotary Club Charities Inc sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 48th percentile within TX. Charities of a similar size with the same main cause include Westbrooke Apartments Inc ($133k), Buffalo Bisons Charitable Foundation ($133k) and Cahaba Foundation Inc ($132k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 79% of the total. At year end it held assets of $298k against liabilities of $0, net assets of $298k.