Rosemont College of the Holy Child Jesus

Analysis

Rosemont College of the Holy Child Jesus is a registered charity in United States, based in Rosemont, PA. It received its IRS tax-exemption ruling in March 1946, 80 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Rosemont College of the Holy Child Jesus reported income of $21.1m and spending of $22.7m, spending 107% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $23.3m to $21.1m (-9.4%), an average of -2.4% a year. Over the whole period it spent 105% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Rosemont College of the Holy Child Jesus sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within PA. Charities of a similar size with the same main cause include 21st Century Charter School at Gary Inc ($21.1m), Trocaire College ($21.1m) and William Monroe Rowlett Academy for Arts and Communication ($21.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 23% and program service revenue 74% of the total. Compensation of current officers, directors and key employees was $349k (1.5% of expenses). Other salaries and wages came to $6.7m. At year end it held assets of $63.3m against liabilities of $33.7m, net assets of $29.6m. It reported 427 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.