The Rosewood Initiative

Analysis

The Rosewood Initiative is a registered charity in United States, based in Portland, OR. It received its IRS tax-exemption ruling in January 2012, 14 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, The Rosewood Initiative reported income of $3.4m and spending of $1.2m, leaving 65% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $738k to $3.4m (+358%), an average of +46% a year. The sharpest change came in the year to December 2020, when income rose by 125%. Over the whole period it spent 53% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, The Rosewood Initiative sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 91st percentile within OR. Charities of a similar size with the same main cause include Sicangu Community Development Corporation ($3.4m), Greater Boston Manufacturing Partnership Inc ($3.4m) and Streetwise Partners Incorporated ($3.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% and program service revenue 3.9% of the total. Compensation of current officers, directors and key employees was $98k (8.3% of expenses). Other salaries and wages came to $520k. At year end it held assets of $5.4m against liabilities of $326k, net assets of $5.1m. It reported 12 employees.