Rose of Sharon Inc

Analysis

Rose of Sharon Inc is a registered charity in United States, based in Huntsville, AL. It received its IRS tax-exemption ruling in October 2010, 16 years ago. Its declared purposes cover food, agriculture and nutrition, which this site groups under poverty relief. 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, Rose of Sharon Inc reported income of $635k and spending of $741k, spending 117% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $575k to $635k (+10%), an average of +2.5% a year. The sharpest change came in the year to December 2020, when income rose by 36%. Over the whole period it spent 104% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Rose of Sharon Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 77th percentile within AL. Charities of a similar size with the same main cause include Wyoming Food for Thought Project ($635k), Sixth Street Community Center Inc ($635k) and Grace Medical Home Foundation Inc ($635k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $96k (13% of expenses). Other salaries and wages came to $235k. At year end it held assets of $88k against liabilities of $9,850, net assets of $79k. It reported 23 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.