Rotary Club of Covington Foundation

Analysis

Rotary Club of Covington Foundation is a registered charity in United States, based in Covington, WA. It received its IRS tax-exemption ruling in August 2006, 20 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 Covington Foundation reported income of $98k and spending of $81k, spending 83% of its income. Across the 2 years on record, from June 2023 to June 2024, income grew from $87k to $98k (+13%), an average of +13% a year. Over the whole period it spent 88% 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 Covington Foundation sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 32nd percentile within WA. Charities of a similar size with the same main cause include Lake Murray Fireworks and Events Inc ($98k), Gift of Giving ($98k) and Every Vote Counts Inc ($98k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 30% of the total. At year end it held assets of $123k against liabilities of $0, net assets of $123k.