Roseville Area School District No 623 Foundation

Analysis

Roseville Area School District No 623 Foundation is a registered charity in United States, based in Roseville, MN. It received its IRS tax-exemption ruling in December 1991, 35 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 June 2023, Roseville Area School District No 623 Foundation reported income of $71k and spending of $62k, spending 88% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $100k to $71k (-29%), an average of -8.2% a year. The sharpest change came in the year to June 2021, when income dropped by 28%. Over the whole period it spent 104% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Roseville Area School District No 623 Foundation sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 28th percentile, and in the 25th percentile within MN. Charities of a similar size with the same main cause include Northwest Missouri Enterprise Facilitation ($71k), Future City Inc ($71k) and Glens Falls Civic Center Foundation Inc ($71k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $865k against liabilities of $0, net assets of $865k.