Rochelly Foundation

Analysis

Rochelly Foundation is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in January 1994, 32 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a private non-operating foundation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2021, Rochelly Foundation reported income of $193k and spending of $149k, leaving 23% of income unspent that year. Across the 2 years on record, from December 2020 to December 2021, income fell from $306k to $193k (-37%), an average of -37% a year. The sharpest change came in the year to December 2021, when income dropped by 37%. Over the whole period it spent 53% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Rochelly 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 53rd percentile, and in the 50th percentile within NY. Charities of a similar size with the same main cause include Connecticut Community Empowerment Foundation Inc ($192k), Longville Area Community Foundation ($193k) and Way Counseling Network Inc ($192k).

On its Form 990 for the period ending December 2021, revenue came from contributions and grants 100% of the total. At year end it held assets of $266k against liabilities of $0, net assets of $266k.