Solvang Rotary Club Foundation

Analysis

Solvang Rotary Club Foundation is a registered charity in United States, based in Solvang, CA. It received its IRS tax-exemption ruling in June 1994, 32 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 June 2023, Solvang Rotary Club Foundation reported income of $113k and spending of $55k, leaving 51% of income unspent that year. Across the 2 years on record, from June 2022 to June 2023, income fell from $126k to $113k (-10%), an average of -10% a year. Over the whole period it spent 29% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Solvang Rotary Club Foundation sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 42nd percentile within CA. Charities of a similar size with the same main cause include Wathena High School Alumni Association Charitable Trust ($113k), Rocky Mountain Association of Geologists Foundation ($113k) and Highland Park Social Club ($113k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 103% of the total. At year end it held assets of $430k against liabilities of $0, net assets of $430k.