Rotary Club of Spencer Iowa

Analysis

Rotary Club of Spencer Iowa is a registered charity in United States, based in Spencer, IA. It received its IRS tax-exemption ruling in January 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Rotary Club of Spencer Iowa reported income of $66k and spending of $57k, spending 86% of its income. Across the 2 years on record, from June 2023 to June 2024, income grew from $63k to $66k (+4.9%), an average of +4.9% a year. Over the whole period it spent 81% 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 Spencer Iowa sits at the 26th percentile: it is larger than about 26% of them. Against every charity in United States with reported income it ranks in the 26th percentile, and in the 23rd percentile within IA. Charities of a similar size with the same main cause include Lincoln Heights Oasis Community Development Corporation ($66k), Louisville Bar Center Inc ($66k) and Junior League of Wilmington N C Inc ($66k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 7.6% of the total. At year end it held assets of $68k against liabilities of $0, net assets of $68k.