Rock and Soul Forever Foundation

Analysis

Rock and Soul Forever Foundation is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in January 2012, 14 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Rock and Soul Forever Foundation reported income of $1.3m and spending of $2.4m, spending 184% of what it took in. Across the 4 years on record, from December 2019 to December 2023, income fell from $4.5m to $1.3m (-71%), an average of -34% a year. The sharpest change came in the year to December 2021, when income dropped by 59%. Over the whole period it spent 101% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Rock and Soul Forever Foundation sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 78th percentile within NY. Charities of a similar size with the same main cause include Winter Opera St Louis ($1.3m), Ising Silicon Valley ($1.3m) and Wiener Museum of Decorative Arts Inc ($1.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 34% and program service revenue 19% of the total. Compensation of current officers, directors and key employees was $275k (11% of expenses). At year end it held assets of $1.5m against liabilities of $192k, net assets of $1.3m. It reported 11 employees.