Rock Can Roll Inc

Analysis

Rock Can Roll Inc is a registered charity in United States, based in Manhasset, NY. It received its IRS tax-exemption ruling in October 2006, 20 years ago. Its declared purposes cover human services, 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 June 2023, Rock Can Roll Inc reported income of $52k and spending of $76k, spending 146% of what it took in. Across the 3 years on record, from June 2021 to June 2023, income fell from $199k to $52k (-74%), an average of -49% a year. The sharpest change came in the year to June 2023, when income dropped by 74%. Over the whole period it spent 73% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Rock Can Roll Inc sits at the 18th percentile: it is larger than about 18% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 22nd percentile within NY. Charities of a similar size with the same main cause include Global Opsarion Inc ($52k), Senior Citizens of Ashland County Inc ($52k) and Son Ministries Inc ($52k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $165k against liabilities of $0, net assets of $165k.