Texas City Rotary Foundation Inc

Analysis

Texas City Rotary Foundation Inc is a registered charity in United States, based in Texas City, TX. It received its IRS tax-exemption ruling in February 1988, 38 years ago. 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, Texas City Rotary Foundation Inc reported income of $131k and spending of $85k, leaving 35% of income unspent that year. Across the 2 years on record, from June 2022 to June 2023, income grew from $63k to $131k (+106%), an average of +106% a year. The sharpest change came in the year to June 2023, when income rose by 106%. Over the whole period it spent 70% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Texas City Rotary Foundation Inc sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 47th percentile within TX. Charities of a similar size with the same main cause include Society of American Military Engineers ($131k), PTA California Congress of Parents Teachers & Students Inc ($131k) and Bellwood-Antis Public Library ($131k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 98% of the total. At year end it held assets of $428k against liabilities of $0, net assets of $428k.