Rosaria Communities in Gaithersburg Inc

Analysis

Rosaria Communities in Gaithersburg Inc is a registered charity in United States, based in Olney, MD. It received its IRS tax-exemption ruling in March 1946, 80 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Rosaria Communities in Gaithersburg Inc reported income of $53k and spending of $86k, spending 163% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $105k to $53k (-49%), an average of -16% a year. The sharpest change came in the year to June 2020, when income dropped by 52%. Over the whole period it spent 139% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Rosaria Communities in Gaithersburg Inc sits at the 12th percentile: it is larger than about 12% of them. Against every charity in United States with reported income it ranks in the 21st percentile, and in the 23rd percentile within MD. Charities of a similar size with the same main cause include Isenstadt Legacy House Inc ($53k), Passavant Memorial Homes X ($53k) and Appletree Court ($53k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 80% and program service revenue 20% of the total. Other salaries and wages came to $1,642. At year end it held assets of $452k against liabilities of $724k, net assets of -$272k.

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.