Rotary Club of New Braunfels Foundation

Analysis

Rotary Club of New Braunfels Foundation is a registered charity in United States, based in New Braunfels, TX. It received its IRS tax-exemption ruling in March 2022, 4 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 2024, Rotary Club of New Braunfels Foundation reported income of $167k and spending of $180k, spending 108% of what it took in. Across the 4 years on record, from June 2021 to June 2024, income fell from $343k to $167k (-51%), an average of -21% a year. The sharpest change came in the year to June 2023, when income dropped by 42%. Over the whole period it spent 82% 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 New Braunfels Foundation sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 53rd percentile within TX. Charities of a similar size with the same main cause include Mendocino Private Industry Council ($167k), Safe City Place ($167k) and Developspringfield Corporation ($167k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 11% of the total. At year end it held assets of $218k against liabilities of $0, net assets of $218k.