Almaden Valley Rotary Club Endowment

Analysis

Almaden Valley Rotary Club Endowment is a registered charity in United States, based in San Jose, CA. It received its IRS tax-exemption ruling in April 1989, 37 years ago. 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 July 2023, Almaden Valley Rotary Club Endowment reported income of $66k and spending of $13k, leaving 81% of income unspent that year. Across the 3 years on record, from July 2021 to July 2023, income grew from $61k to $66k (+7.8%), an average of +3.8% a year. The sharpest change came in the year to July 2022, when income rose by 182%. Over the whole period it spent 69% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Almaden Valley Rotary Club Endowment sits at the 26th percentile: it is larger than about 26% of them. Against every charity in United States with reported income it ranks in the 26th percentile, and in the 28th percentile within CA. Charities of a similar size with the same main cause include Ravenswood Senior Citizens Housing Corporation ($66k), Jefferson PTA of Everett ($66k) and Ptsa Connecticut Inc ($66k).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 59% of the total. At year end it held assets of $555k against liabilities of $0, net assets of $555k.