Rock and Wrap It Up Inc

Analysis

Rock and Wrap It Up Inc is a registered charity in United States, based in Cedarhurst, NY. It received its IRS tax-exemption ruling in November 1995, 31 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 February 2023, Rock and Wrap It Up Inc reported income of $150k and spending of $180k, spending 120% of what it took in. Across the 5 years on record, from February 2019 to February 2023, income fell from $220k to $150k (-32%), an average of -9.2% a year. The sharpest change came in the year to February 2023, when income rose by 41%. Over the whole period it spent 105% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Rock and Wrap It Up Inc sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 45th percentile within NY. Charities of a similar size with the same main cause include Ewe Spirit Foundation Inc ($150k), Jedco Development Corporation ($150k) and Dedham Square Circle Ltd ($150k).

On its Form 990 for the period ending February 2023, revenue came from contributions and grants 52% of the total. Other salaries and wages came to $80k. At year end it held assets of $63k against liabilities of $0, net assets of $63k. It reported 3 employees.