Rockson Community Development Corporation Inc

Analysis

Rockson Community Development Corporation Inc is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in March 2023, 3 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Rockson Community Development Corporation Inc reported income of $719k and spending of $693k, spending 96% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $369k to $719k (+95%), an average of +95% a year. The sharpest change came in the year to December 2023, when income rose by 95%. Over the whole period it spent 93% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Rockson Community Development Corporation Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 49th percentile within DC. Charities of a similar size with the same main cause include Assistance League of Bakersfield ($719k), University Parents Nursery School ($719k) and Meals on Wheels of Chester County Inc ($718k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $58k. At year end it held assets of $78k against liabilities of $19k, net assets of $58k. It reported 4 employees.