Rotary Club of Reno Central Charitable Foundation

Analysis

Rotary Club of Reno Central Charitable Foundation is a registered charity in United States, based in Reno, NV. It received its IRS tax-exemption ruling in August 2016, 10 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Rotary Club of Reno Central Charitable Foundation reported income of $71k and spending of $67k, spending 94% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $135k to $71k (-47%), an average of -15% a year. The sharpest change came in the year to June 2022, when income rose by 140%. Over the whole period it spent 80% 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 Reno Central Charitable Foundation sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 28th percentile, and in the 31st percentile within NV. Charities of a similar size with the same main cause include Southwest Community Center Inc ($71k), Wilkes County Hall of Fame ($71k) and Future City Inc ($71k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $139k against liabilities of $0, net assets of $139k.