Rotary Club of Ventura-East Foundation Inc

Analysis

Rotary Club of Ventura-East Foundation Inc is a registered charity in United States, based in Ventura, CA. It received its IRS tax-exemption ruling in July 1992, 34 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Rotary Club of Ventura-East Foundation Inc reported income of $191k and spending of $172k, spending 90% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $146k to $191k (+31%), an average of +6.9% a year. The sharpest change came in the year to December 2022, when income rose by 301%. Over the whole period it spent 66% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Rotary Club of Ventura-East Foundation Inc sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 55th percentile within CA. Charities of a similar size with the same main cause include Los Angeles Emergency Preparedness Foundation ($191k), North Carolina Economic Development Association Foundation Inc ($191k) and Lynn Main Streets Inc ($191k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 4.1% of the total. At year end it held assets of $2.7m against liabilities of $0, net assets of $2.7m.