Rotary Club of Carmel New York Charitable Foundation Inc

Analysis

Rotary Club of Carmel New York Charitable Foundation Inc is a registered charity in United States, based in Carmel, NY. It received its IRS tax-exemption ruling in April 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 (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 Carmel New York Charitable Foundation Inc reported income of $77k and spending of $67k, spending 87% of its income. Across the 2 years on record, from June 2023 to June 2024, income grew from $15k to $77k (+420%), an average of +420% a year. The sharpest change came in the year to June 2024, when income rose by 420%. Over the whole period it spent 82% 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 Carmel New York Charitable Foundation Inc sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 30th percentile, and in the 31st percentile within NY. Charities of a similar size with the same main cause include Wonder Women Foundation Inc ($77k), Beta Alpha Education Foundation ($77k) and Harrison Community Mayors Fund ($77k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 11% of the total. At year end it held assets of $59k against liabilities of $0, net assets of $59k.