Everett Rotary Youth Foundation

Analysis

Everett Rotary Youth Foundation is a registered charity in United States, based in Everett, WA. It received its IRS tax-exemption ruling in January 1956, 70 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Everett Rotary Youth Foundation reported income of $972k and spending of $465k, leaving 52% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income grew from $345k to $972k (+182%), an average of +41% a year. The sharpest change came in the year to June 2021, when income rose by 411%. Over the whole period it spent 70% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Everett Rotary Youth Foundation sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 78th percentile within WA. Charities of a similar size with the same main cause include Center for Community Service Fund ($971k), Lawrence Partnership ($973k) and Transition II Inc ($971k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 30% of the total. At year end it held assets of $5.8m against liabilities of $714k, net assets of $5.1m.