Triangle Oktoberfest Rotary Foundation

Analysis

Triangle Oktoberfest Rotary Foundation is a registered charity in United States, based in Cary, NC. It received its IRS tax-exemption ruling in May 2021, 5 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 December 2023, Triangle Oktoberfest Rotary Foundation reported income of $158k and spending of $145k, spending 92% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $27k to $158k (+482%), an average of +482% a year. The sharpest change came in the year to December 2023, when income rose by 482%. Over the whole period it spent 97% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Triangle Oktoberfest Rotary Foundation sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 46th percentile within NC. Charities of a similar size with the same main cause include Jeffrey Ahn Jr Fellowship Inc ($158k), Monarch Diamond Club ($158k) and Wellspring Foundation ($157k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 44% of the total. At year end it held assets of $43k against liabilities of $21k, net assets of $22k.