Rotary Club of Foster City Foundation

Analysis

Rotary Club of Foster City Foundation is a registered charity in United States, based in Foster City, CA. It received its IRS tax-exemption ruling in January 2016, 10 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 2024, Rotary Club of Foster City Foundation reported income of $280k and spending of $98k, leaving 65% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $99k to $280k (+182%), an average of +30% a year. The sharpest change came in the year to June 2021, when income rose by 313%. Over the whole period it spent 35% 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 Foster City Foundation sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 63rd percentile within CA. Charities of a similar size with the same main cause include Fund for Change ($279k), Amani Christian Community Development Corp ($280k) and Great Expectations Foundation ($279k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 5.7% and program service revenue 19% of the total. At year end it held assets of $2.7m against liabilities of $0, net assets of $2.7m.