Rosewood Apartments Inc

Analysis

Rosewood Apartments Inc is a registered charity in United States, based in Erie, PA. It received its IRS tax-exemption ruling in February 2008, 18 years ago. The IRS classifies it as a organisation supporting a government-owned college or university under section 501(c)(3).

In the financial year ending March 2024, Rosewood Apartments Inc reported income of $63k and spending of $81k, spending 128% of what it took in. Across the 6 years on record, from March 2019 to March 2024, income grew from $52k to $63k (+23%), an average of +4.2% a year. Over the whole period it spent 144% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Rosewood Apartments Inc sits at the 25th percentile: it is larger than about 24% of them. Against every charity in United States with reported income it ranks in the 25th percentile, and in the 23rd percentile within PA. Charities of a similar size with the same main cause include Little League Baseball Inc ($63k), Yeshua Outreach Center Inc ($63k) and Harvard Club of Seattle ($63k).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 63% and program service revenue 35% of the total. At year end it held assets of $709k against liabilities of $1.0m, net assets of -$324k.

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.