Corona Rotary Foundation

Analysis

Corona Rotary Foundation is a registered charity in United States, based in Corona, CA. It received its IRS tax-exemption ruling in April 1966, 60 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, Corona Rotary Foundation reported income of $157k and spending of $81k, leaving 49% of income unspent that year. Across the 2 years on record, from June 2022 to June 2023, income grew from $65k to $157k (+142%), an average of +142% a year. The sharpest change came in the year to June 2023, when income rose by 142%. Over the whole period it spent 67% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Corona Rotary Foundation sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 50th percentile within CA. Charities of a similar size with the same main cause include Interfaith Housing Foundation of Wisconsin & Upper Michigan Inc ($157k), Edward S and Josephine Wendorf Foundation ($157k) and North Congregational Church of Southfield Mi Perp Endowment Fund ($157k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $237k against liabilities of $72k, net assets of $165k.