LA Jolla Rotary Foundation

Analysis

LA Jolla Rotary Foundation is a registered charity in United States, based in LA Jolla, CA. It received its IRS tax-exemption ruling in April 1965, 61 years ago. 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, LA Jolla Rotary Foundation reported income of $542k and spending of $316k, leaving 42% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income fell from $896k to $542k (-39%), an average of -12% a year. The sharpest change came in the year to June 2023, when income rose by 554%. Over the whole period it spent 62% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, LA Jolla Rotary Foundation sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 73rd percentile within CA. Charities of a similar size with the same main cause include Highlands Chamber Music Festival Inc ($542k), Jersey Girls Volleyball Club Inc ($543k) and Upward Bound Camp for Persons with Special Needs Inc ($542k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $6.0m against liabilities of $238k, net assets of $5.7m.