Rose of Sharon7

Analysis

Rose of Sharon7 is a registered charity in United States, based in San Jacinto, CA. It received its IRS tax-exemption ruling in July 2014, 12 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Rose of Sharon7 reported income of $866k and spending of $612k, leaving 29% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $207k to $866k (+318%), an average of +43% a year. The sharpest change came in the year to December 2020, when income rose by 78%. Over the whole period it spent 86% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Rose of Sharon7 sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 79th percentile within CA. Charities of a similar size with the same main cause include Ahepa 29 Phase IV Inc ($866k), Pennsylvania Affordable Housing Corporation ($866k) and Madison Countians Allied Against Poverty Inc ($865k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $111k (18% of expenses). Other salaries and wages came to $78k. At year end it held assets of $330k against liabilities of $11k, net assets of $319k. It reported 7 employees.