Folsom Rotary Foundation

Analysis

Folsom Rotary Foundation is a registered charity in United States, based in Folsom, CA. It received its IRS tax-exemption ruling in June 1993, 33 years ago. 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, Folsom Rotary Foundation reported income of $79k and spending of $78k, spending 99% of its income. Across the 3 years on record, from June 2021 to June 2023, income fell from $83k to $79k (-5.6%), an average of -2.9% a year. The sharpest change came in the year to June 2022, when income rose by 82%. Over the whole period it spent 74% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Folsom Rotary Foundation sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 31st percentile, and in the 33rd percentile within CA. Charities of a similar size with the same main cause include Italian Club Building & Cultural Trust Fund Inc ($79k), Peace Corps Alumni Foundation for Philippine Development ($79k) and Hillcrest Nursing Home Foundation Inc ($79k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 83% of the total. At year end it held assets of $461k against liabilities of $0, net assets of $461k.