Romito Foundation

Analysis

Romito Foundation is a registered charity in United States, based in Firestone, CO. It received its IRS tax-exemption ruling in April 2009, 17 years ago. Its declared purposes cover diseases, disorders and medical disciplines, which this site groups under health and saving lives. 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, Romito Foundation reported income of $52k and spending of $60k, spending 116% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $84k to $52k (-38%), an average of -38% a year. The sharpest change came in the year to December 2023, when income dropped by 38%. Over the whole period it spent 76% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Romito Foundation sits at the 16th percentile: it is larger than about 16% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 17th percentile within CO. Charities of a similar size with the same main cause include Surgical Outcomes Club Inc ($52k), Dancers Care Foundation Inc ($52k) and Lansing Central Alcoholics Anonymous Group ($52k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 12% of the total. At year end it held assets of $120k against liabilities of $135, net assets of $120k.