Lynnwood Rotary Community Foundation

Analysis

Lynnwood Rotary Community Foundation is a registered charity in United States, based in Lynnwood, WA. It received its IRS tax-exemption ruling in May 1996, 30 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 2023, Lynnwood Rotary Community Foundation reported income of $135k and spending of $159k, spending 118% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $372k to $135k (-64%), an average of -22% a year. The sharpest change came in the year to June 2021, when income rose by 166%. Over the whole period it spent 60% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Lynnwood Rotary Community Foundation sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 41st percentile within WA. Charities of a similar size with the same main cause include Solomons Porch Inc ($135k), Silent Observer ($135k) and Life Ministries Global USA Inc ($135k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 59% of the total. At year end it held assets of $2.2m against liabilities of $1,193, net assets of $2.2m.