Lake Union Rotary Foundation

Analysis

Lake Union Rotary Foundation is a registered charity in United States, based in Seattle, WA. It received its IRS tax-exemption ruling in August 2013, 13 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 December 2023, Lake Union Rotary Foundation reported income of $53k and spending of $28k, leaving 47% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $64k to $53k (-16%), an average of -16% a year. The sharpest change came in the year to December 2023, when income dropped by 16%. Over the whole period it spent 96% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Lake Union Rotary Foundation sits at the 27th percentile: it is larger than about 26% of them. Against every charity in United States with reported income it ranks in the 21st percentile, and in the 15th percentile within WA. Charities of a similar size with the same main cause include Ryan Thomas Foundation ($53k), Syaor Charitable Foundation ($53k) and Bow Rotary Club Foundation ($53k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 95% of the total. At year end it held assets of $91k against liabilities of $6,056, net assets of $85k.