Verrado Rotary Foundation

Analysis

Verrado Rotary Foundation is a registered charity in United States, based in Buckeye, AZ. It received its IRS tax-exemption ruling in December 2018, 8 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 June 2024, Verrado Rotary Foundation reported income of $66k and spending of $66k, spending 101% of its income. Across the 2 years on record, from June 2019 to June 2024, income fell from $266k to $66k (-75%), an average of -75% a year. The sharpest change came in the year to June 2024, when income dropped by 75%. Over the whole period it spent 96% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Verrado Rotary Foundation sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 26th percentile, and in the 23rd percentile within AZ. Charities of a similar size with the same main cause include Consortium for Christian Unity Inc ($66k), Naples Heritage Cares Inc ($66k) and Harford United Charities Inc ($66k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 2.2% of the total. At year end it held assets of $41k against liabilities of $0, net assets of $41k.