Bakesfield Rotary-Waterman Foundation

Analysis

Bakesfield Rotary-Waterman Foundation is a registered charity in United States, based in Bakersfield, CA. It received its IRS tax-exemption ruling in July 1984, 42 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, Bakesfield Rotary-Waterman Foundation reported income of $91k and spending of $83k, spending 91% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $82k to $91k (+11%), an average of +3.4% a year. The sharpest change came in the year to June 2022, when income rose by 108%. Over the whole period it spent 67% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Bakesfield Rotary-Waterman Foundation sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 34th percentile, and in the 37th percentile within CA. Charities of a similar size with the same main cause include Patiala Medical College Alumni Association of North America Inc ($91k), JB Whitfield Ministries Inc ($91k) and Jackson State Community College Foundation ($91k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 54% of the total. At year end it held assets of $1.3m against liabilities of $0, net assets of $1.3m.