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 $7.1m and spending of $2.2m, leaving 69% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income grew from $2.3m to $7.1m (+211%), an average of +33% a year. The sharpest change came in the year to September 2023, when income rose by 253%. Over the whole period it spent 70% 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 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 92nd percentile within CT. Charities of a similar size with the same main cause include CSN International Inc ($7.1m), St Lukes Management Inc ($7.1m) and National Center for International Schools ($7.1m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 70% and program service revenue 30% of the total. Other salaries and wages came to $257k. At year end it held assets of $12.9m against liabilities of $6.9m, net assets of $6.1m. It reported 10 employees.