Loveland Rotary Club Foundation

Analysis

Loveland Rotary Club Foundation is a registered charity in United States, based in Loveland, CO. It received its IRS tax-exemption ruling in July 1984, 42 years ago. 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 December 2023, Loveland Rotary Club Foundation reported income of $177k and spending of $345k, spending 195% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $947k to $177k (-81%), an average of -34% a year. The sharpest change came in the year to December 2021, when income dropped by 65%. Over the whole period it spent 81% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Loveland Rotary Club Foundation sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 47th percentile within CO. Charities of a similar size with the same main cause include Plumbers and Steamfitters Local Union No 489 Training Fund ($177k), Hochi Institute ($177k) and Northside Alcoholics Benevolent Association Inc ($177k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 52% of the total. At year end it held assets of $2.7m against liabilities of $0, net assets of $2.7m.