Lacey Rotary Foundation

Analysis

Lacey Rotary Foundation is a registered charity in United States, based in Lacey, WA. It received its IRS tax-exemption ruling in July 1986, 40 years ago. 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 December 2023, Lacey Rotary Foundation reported income of $167k and spending of $110k, leaving 34% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $50k to $167k (+235%), an average of +35% a year. The sharpest change came in the year to December 2021, when income rose by 297%. Over the whole period it spent 76% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Lacey Rotary Foundation sits at the 49th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 46th percentile within WA. Charities of a similar size with the same main cause include Minot State Alumni Inc ($167k), Stafford Boys Club Inc ($167k) and Pop Warner Little Scholars Inc ($167k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 85% of the total. At year end it held assets of $2.1m against liabilities of $193k, net assets of $1.9m.