Rockaway Development & Revitalization Corp

Analysis

Rockaway Development & Revitalization Corp is a registered charity in United States, based in Far Rockaway, NY. It received its IRS tax-exemption ruling in May 1982, 44 years ago. Its declared purposes cover crime and legal-related, which this site groups under human rights and equality. 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, Rockaway Development & Revitalization Corp reported income of $2.2m and spending of $2.1m, spending 96% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $2.4m to $2.2m (-7.8%), an average of -2.0% a year. The sharpest change came in the year to June 2020, when income dropped by 40%. Over the whole period it spent 93% of the income it received.

Among 9,611 United States charities whose main cause is human rights and equality and that reported income, Rockaway Development & Revitalization Corp sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 84th percentile within NY. Charities of a similar size with the same main cause include Marion County Childrens Advocacy Center Inc ($2.2m), Project on Predatory Student Lending Inc ($2.2m) and Southwestern Oregon Public Defender Services Inc ($2.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 97% and program service revenue 0.0% of the total. Compensation of current officers, directors and key employees was $146k (7.0% of expenses). Other salaries and wages came to $997k. At year end it held assets of $2.4m against liabilities of $727k, net assets of $1.7m. It reported 27 employees.