Federal Way Rotary Service Foundation

Analysis

Federal Way Rotary Service Foundation is a registered charity in United States, based in Federal Way, WA. It received its IRS tax-exemption ruling in July 1992, 34 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Federal Way Rotary Service Foundation reported income of $57k and spending of $28k, leaving 50% of income unspent that year. Across the 4 years on record, from June 2019 to June 2023, income fell from $410k to $57k (-86%), an average of -48% a year. The sharpest change came in the year to June 2023, when income rose by 189%. Over the whole period it spent 109% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Federal Way Rotary Service Foundation sits at the 20th percentile: it is larger than about 20% of them. Against every charity in United States with reported income it ranks in the 22nd percentile, and in the 17th percentile within WA. Charities of a similar size with the same main cause include Childrens Emergency Resources Inc ($57k), Bear Valley Meals on Wheels Inc ($57k) and Powder River Farm in the Dell Inc ($57k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 68% of the total. At year end it held assets of $260k against liabilities of $3,150, net assets of $257k.