Aberdeen Rotary Foundation

Analysis

Aberdeen Rotary Foundation is a registered charity in United States, based in Aberdeen, WA. It received its IRS tax-exemption ruling in February 1994, 32 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 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, Aberdeen Rotary Foundation reported income of $103k and spending of $114k, spending 111% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $154k to $103k (-33%), an average of -9.5% a year. The sharpest change came in the year to June 2022, when income dropped by 114%. Over the whole period it spent 658% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Aberdeen Rotary Foundation sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 33rd percentile within WA. Charities of a similar size with the same main cause include Cedar Rapids Parks Foundation ($103k), Farmers Market of Bluffton Inc ($103k) and Social Ecological Economic Development Corporation ($103k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 84% of the total. At year end it held assets of $671k against liabilities of $0, net assets of $671k.