Rolls-Royce Foundation

Analysis

Rolls-Royce Foundation is a registered charity in United States, based in Mechanicsburg, PA. It received its IRS tax-exemption ruling in March 1998, 28 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Rolls-Royce Foundation reported income of $249k and spending of $183k, leaving 27% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $17k to $249k (+1338%), an average of +95% a year. The sharpest change came in the year to December 2020, when income rose by 1113%. Over the whole period it spent 148% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Rolls-Royce Foundation sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 56th percentile within PA. Charities of a similar size with the same main cause include Soo Visual Arts Center Inc ($249k), Film Fleadh Foundation ($249k) and Vienna Jammers Percussion Ensemble Inc ($249k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 71% and program service revenue 4.2% of the total. At year end it held assets of $2.2m against liabilities of $7,288, net assets of $2.2m.