Novato Rotary Endowment

Analysis

Novato Rotary Endowment is a registered charity in United States, based in Novato, CA. It received its IRS tax-exemption ruling in December 1992, 34 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 (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 2024, Novato Rotary Endowment reported income of $257k and spending of $179k, leaving 30% of income unspent that year. Across the 6 years on record, from June 2019 to June 2024, income fell from $382k to $257k (-33%), an average of -7.6% a year. The sharpest change came in the year to June 2022, when income dropped by 35%. Over the whole period it spent 50% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Novato Rotary Endowment sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 61st percentile within CA. Charities of a similar size with the same main cause include Fundacion Luchemos Por LA Vida ($257k), Roofing Industry Joint Apprentice & Training Committee for Ny Et Al ($257k) and National Association of Colored Womens Clubs ($257k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 36% and program service revenue 35% of the total. At year end it held assets of $8.1m against liabilities of $0, net assets of $8.1m.