Rose-Mary Housing Corporation

Analysis

Rose-Mary Housing Corporation is a registered charity in United States, based in Cleveland, OH. It received its IRS tax-exemption ruling in July 2024, 2 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Rose-Mary Housing Corporation reported income of $631k and spending of $498k, leaving 21% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.1m to $631k (-44%), an average of -14% a year. The sharpest change came in the year to December 2021, when income dropped by 342%. Over the whole period it spent 193% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Rose-Mary Housing Corporation sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 74th percentile within OH. Charities of a similar size with the same main cause include Heavenly Vision Educational Center ($631k), Think Tank Inc ($631k) and A Higher Calling Inc ($630k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $5.0m against liabilities of $1.8m, net assets of $3.3m.