Gig Harbor Rotary Foundation

Analysis

Gig Harbor Rotary Foundation is a registered charity in United States, based in Gig Harbor, WA. It received its IRS tax-exemption ruling in November 2017, 9 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 2023, Gig Harbor Rotary Foundation reported income of $174k and spending of $148k, spending 85% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $198k to $174k (-12%), an average of -3.2% a year. The sharpest change came in the year to June 2020, when income rose by 418%. Over the whole period it spent 26% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Gig Harbor Rotary Foundation sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 47th percentile within WA. Charities of a similar size with the same main cause include Hyart Re-Development Corporation ($174k), Dover Rotary Charities ($174k) and City Care ($174k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 44% of the total. At year end it held assets of $3.5m against liabilities of $0, net assets of $3.5m.