Stephen C Rose Legacy Foundation

Analysis

Stephen C Rose Legacy Foundation is a registered charity in United States, based in Olney, MD. It received its IRS tax-exemption ruling in January 2016, 10 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, Stephen C Rose Legacy Foundation reported income of $8.3m and spending of $5.0m, leaving 40% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.6m to $8.3m (+413%), an average of +50% a year. The sharpest change came in the year to December 2021, when income rose by 197%. Over the whole period it spent 62% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Stephen C Rose Legacy Foundation sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 93rd percentile within MD. Charities of a similar size with the same main cause include Choices for Community Living Inc ($8.3m), Lakeland Hills YMCA ($8.4m) and Futures Incorporated ($8.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% and program service revenue 4.8% of the total. Compensation of current officers, directors and key employees was $134k (2.7% of expenses). Other salaries and wages came to $906k. It paid $22k in professional fundraising fees. At year end it held assets of $13.8m against liabilities of $3.7m, net assets of $10.1m. It reported 14 employees.