Rotary Club of Asheville-Biltmore Foundation

Analysis

Rotary Club of Asheville-Biltmore Foundation is a registered charity in United States, based in Asheville, NC. It received its IRS tax-exemption ruling in October 2019, 7 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 2024, Rotary Club of Asheville-Biltmore Foundation reported income of $110k and spending of $103k, spending 94% of its income. Across the 4 years on record, from June 2021 to June 2024, income grew from $14k to $110k (+689%), an average of +99% a year. The sharpest change came in the year to June 2022, when income rose by 492%. Over the whole period it spent 101% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Rotary Club of Asheville-Biltmore Foundation sits at the 35th percentile: it is larger than about 35% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 37th percentile within NC. Charities of a similar size with the same main cause include Harvest Time ($110k), Men of Intelligence Association Inc ($110k) and Glm2 Foundation Inc ($110k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 100% of the total. At year end it held assets of $56k against liabilities of $43k, net assets of $13k.