Culver City Rotary Community Foundation

Analysis

Culver City Rotary Community Foundation is a registered charity in United States, based in Culver City, CA. It received its IRS tax-exemption ruling in July 1987, 39 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 (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 2023, Culver City Rotary Community Foundation reported income of $599k and spending of $51k, leaving 91% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income fell from $610k to $599k (-1.9%), an average of -0.5% a year. The sharpest change came in the year to June 2022, when income rose by 57%. Over the whole period it spent 20% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Culver City Rotary Community Foundation sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 74th percentile within CA. Charities of a similar size with the same main cause include Horizon Foundation Inc ($599k), Wells Community Health Services Foundation Inc ($599k) and Nicholas Newlin Foundation ($598k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 34% of the total. At year end it held assets of $13.4m against liabilities of $0, net assets of $13.4m.