Roessler-Chadwick Foundation Group

Analysis

Roessler-Chadwick Foundation Group is a registered charity in United States, based in PLS VRDS PNSL, CA. It received its IRS tax-exemption ruling in November 2014, 12 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation (type ii) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Roessler-Chadwick Foundation Group reported income of $3.3m and spending of $4.3m, spending 131% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $5.4m to $3.3m (-38%), an average of -11% a year. The sharpest change came in the year to June 2021, when income dropped by 70%. Over the whole period it spent 90% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Roessler-Chadwick Foundation Group 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 90th percentile, and in the 90th percentile within CA. Charities of a similar size with the same main cause include Project Impact STEM Academy Inc ($3.3m), Association of Missouri Charterschools ($3.3m) and Raleigh Oak Charter School ($3.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 23% and program service revenue 27% of the total. Compensation of current officers, directors and key employees was $463k (11% of expenses). Other salaries and wages came to $24k. At year end it held assets of $65.9m against liabilities of $12.3m, net assets of $53.7m. It reported 2 employees.

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.