Rosecrance Foundation

Analysis

Rosecrance Foundation is a registered charity in United States, based in Rockford, IL. It received its IRS tax-exemption ruling in May 1998, 28 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 June 2023, Rosecrance Foundation reported income of $1.8m and spending of $1.1m, leaving 40% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.8m to $1.8m (-0.4%), an average of -0.1% a year. The sharpest change came in the year to June 2020, when income dropped by 43%. Over the whole period it spent 81% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Rosecrance Foundation sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 85th percentile within IL. Charities of a similar size with the same main cause include S O C K Outstanding Students S O S Academy Inc ($1.8m), Trinity Valley Community College Foundation ($1.8m) and Aiken Steeplechase Association Inc ($1.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 93% of the total. At year end it held assets of $7.6m against liabilities of $346k, net assets of $7.3m.