Roncalli Institute Inc

Analysis

Roncalli Institute Inc is a registered charity in United States, based in Portland, CT. It received its IRS tax-exemption ruling in May 1976, 50 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 September 2023, Roncalli Institute Inc reported income of $161k and spending of $1.6m, spending 1003% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income fell from $264k to $161k (-39%), an average of -12% a year. The sharpest change came in the year to September 2020, when income rose by 179%. Over the whole period it spent 207% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Roncalli Institute Inc sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 46th percentile within CT. Charities of a similar size with the same main cause include Clinton Historical Society ($161k), Austin Symphony Orchestra Society Inc ($161k) and Atlas for Life Ltd ($161k).

On its Form 990 for the period ending September 2023, revenue came from program service revenue 101% of the total. Compensation of current officers, directors and key employees was $70k (4.3% of expenses). At year end it held assets of $2.3m against liabilities of $155k, net assets of $2.1m. It reported 3 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.