Friends of Rollo

Analysis

Friends of Rollo is a registered charity in United States, based in San Diego, CA. It received its IRS tax-exemption ruling in September 2012, 14 years ago. 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, Friends of Rollo reported income of $454k and spending of $536k, spending 118% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $508k to $454k (-11%), an average of -2.8% a year. The sharpest change came in the year to December 2020, when income dropped by 47%. Over the whole period it spent 109% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Friends of Rollo sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 70th percentile within CA. Charities of a similar size with the same main cause include E E Bass Education and Development Foundation Inc ($454k), Hillel the Foundation for Jewish Campus Life ($454k) and PTA Arizona Congress of Parents & Teachers Inc ($454k).

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 $122k. At year end it held assets of $44k against liabilities of $12k, net assets of $32k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.