Rose Centers for Aging Well LLC

Analysis

Rose Centers for Aging Well LLC is a registered charity in United States, based in Cleveland, OH. It received its IRS tax-exemption ruling in August 2022, 4 years ago. Its declared purposes cover food, agriculture and nutrition, 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, Rose Centers for Aging Well LLC reported income of $2.6m and spending of $3.0m, spending 113% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $2.5m to $2.6m (+6.7%), an average of +6.7% a year. Over the whole period it spent 111% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Rose Centers for Aging Well LLC 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 88th percentile, and in the 88th percentile within OH. Charities of a similar size with the same main cause include Family Sharing of Ozaukee Co Inc ($2.6m), My Very Own Blanket Project ($2.6m) and Community Development Center ($2.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 53% and program service revenue 46% of the total. Other salaries and wages came to $1.4m. At year end it held assets of $1.6m against liabilities of $1.2m, net assets of $366k.