Rotary Club of Kent Foundation

Analysis

Rotary Club of Kent Foundation is a registered charity in United States, based in Kent, WA. It received its IRS tax-exemption ruling in April 1996, 30 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Rotary Club of Kent Foundation reported income of $63k and spending of $98k, spending 155% of what it took in. Across the 2 years on record, from June 2022 to June 2023, income fell from $91k to $63k (-30%), an average of -30% a year. The sharpest change came in the year to June 2023, when income dropped by 30%. Over the whole period it spent 123% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Rotary Club of Kent Foundation sits at the 31st percentile: it is larger than about 31% of them. Against every charity in United States with reported income it ranks in the 25th percentile, and in the 19th percentile within WA. Charities of a similar size with the same main cause include Cincinnati Observatory Foundation ($63k), Charles J Dannatt Trust ($63k) and Home Builders Association of Hartford County Charitable Foundat ($63k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 11% and program service revenue 7.7% of the total. At year end it held assets of $228k against liabilities of $159k, net assets of $69k.