Rotary Club of Hagerstown Sunrise Foundation Inc

Analysis

Rotary Club of Hagerstown Sunrise Foundation Inc is a registered charity in United States, based in Hagerstown, MD. It received its IRS tax-exemption ruling in December 2003, 23 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 (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 Hagerstown Sunrise Foundation Inc reported income of $53k and spending of $21k, leaving 60% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $26k to $53k (+102%), an average of +102% a year. The sharpest change came in the year to December 2023, when income rose by 102%. Over the whole period it spent 52% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Rotary Club of Hagerstown Sunrise Foundation Inc sits at the 26th percentile: it is larger than about 26% of them. Against every charity in United States with reported income it ranks in the 21st percentile, and in the 23rd percentile within MD. Charities of a similar size with the same main cause include Taniokas Charity Foundation ($53k), S June Smith Center Foundation Inc ($53k) and Wallburg Elementary School PTO ($53k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 38% of the total. At year end it held assets of $71k against liabilities of $0, net assets of $71k.