Rosewood Cordele Development Inc

Analysis

Rosewood Cordele Development Inc is a registered charity in United States, based in Smyrna, GA. It received its IRS tax-exemption ruling in July 2011, 15 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, Rosewood Cordele Development Inc reported income of $565k and spending of $818k, spending 145% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $388k to $565k (+45%), an average of +9.8% a year. The sharpest change came in the year to December 2023, when income rose by 25%. Over the whole period it spent 164% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Rosewood Cordele Development Inc sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 76th percentile within GA. Charities of a similar size with the same main cause include KBJ Nonprofit Housing ($564k), Wisconsin Veterans Village Association Inc ($565k) and Yachad Inc ($564k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 88% of the total. At year end it held assets of $6.6m against liabilities of $1.3m, net assets of $5.4m.

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.