Long Beach Rotary Scholarship Foundation Inc

Analysis

Long Beach Rotary Scholarship Foundation Inc is a registered charity in United States, based in Long Beach, CA. It received its IRS tax-exemption ruling in August 1958, 68 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation (type iii functionally integrated) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Long Beach Rotary Scholarship Foundation Inc reported income of $691k and spending of $597k, spending 86% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $633k to $691k (+9.2%), an average of +2.2% a year. The sharpest change came in the year to June 2020, when income rose by 21%. Over the whole period it spent 74% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Long Beach Rotary Scholarship Foundation Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 76th percentile within CA. Charities of a similar size with the same main cause include The Bellwether School and Family Resource Center Inc ($691k), Dot Ngo Charities Inc ($691k) and Madrona School ($691k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 18% of the total. Compensation of current officers, directors and key employees was $59k (9.9% of expenses). At year end it held assets of $12.1m against liabilities of $21k, net assets of $12.1m.