Rotary Foundation of the Rotary Club of Monterey a Nonprofit Bene

Analysis

Rotary Foundation of the Rotary Club of Monterey a Nonprofit Bene is a registered charity in United States, based in Monterey, CA. It received its IRS tax-exemption ruling in November 2000, 26 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Rotary Foundation of the Rotary Club of Monterey a Nonprofit Bene reported income of $139k and spending of $137k, spending 98% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $102k to $139k (+36%), an average of +8.0% a year. The sharpest change came in the year to June 2022, when income rose by 120%. Over the whole period it spent 92% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Rotary Foundation of the Rotary Club of Monterey a Nonprofit Bene 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 45th percentile, and in the 47th percentile within CA. Charities of a similar size with the same main cause include Harding Ford Vision Inc ($139k), Glacial Lakes Multicultural Center Inc ($139k) and One Master Ministries ($139k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 40% of the total. At year end it held assets of $167k against liabilities of $0, net assets of $167k.