Rosswoods Inc

Analysis

Rosswoods Inc is a registered charity in United States, based in Dalton, GA. It received its IRS tax-exemption ruling in October 2004, 22 years ago. 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 December 2023, Rosswoods Inc reported income of $744k and spending of $915k, spending 123% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $940k to $744k (-21%), an average of -5.7% a year. The sharpest change came in the year to December 2020, when income dropped by 24%. Over the whole period it spent 98% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Rosswoods Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 79th percentile within GA. Charities of a similar size with the same main cause include Cornerstone Christian School Inc ($744k), Pregnancy Crisis Center of Lake City Inc ($744k) and Sungarden Montessori Center Inc ($744k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 39% and program service revenue 56% of the total. Compensation of current officers, directors and key employees was $70k (7.6% of expenses). Other salaries and wages came to $494k. At year end it held assets of $2.2m against liabilities of $36k, net assets of $2.1m. It reported 20 employees.