Seaside Rotary Foundation Inc

Analysis

Seaside Rotary Foundation Inc is a registered charity in United States, based in Seaside, OR. It received its IRS tax-exemption ruling in May 1983, 43 years ago. 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, Seaside Rotary Foundation Inc reported income of $106k and spending of $69k, leaving 34% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income fell from $138k to $106k (-24%), an average of -6.5% a year. The sharpest change came in the year to June 2021, when income dropped by 35%. Over the whole period it spent 72% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Seaside Rotary Foundation Inc sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 38th percentile within OR. Charities of a similar size with the same main cause include Big Spring Band Boosters Inc ($106k), Wabash Frisco & Pacific Association Inc ($106k) and Choral Arts Society Incorporated ($106k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 69% of the total. At year end it held assets of $1.1m against liabilities of $1,029, net assets of $1.1m.