Romark Corporation

Analysis

Romark Corporation is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in November 1989, 37 years ago. 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 September 2023, Romark Corporation reported income of $100k and spending of $116k, spending 116% of what it took in. Across the 2 years on record, from September 2022 to September 2023, income fell from $114k to $100k (-12%), an average of -12% a year. Over the whole period it spent 99% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Romark Corporation sits at the 37th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 37th percentile, and in the 19th percentile within DC. Charities of a similar size with the same main cause include Samhati ($100k), Central Church of Christ Labelle Inc ($100k) and Dillsboro Emergency Ambulance Unit Inc ($100k).

On its Form 990-EZ for the period ending September 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $218k against liabilities of $679k, net assets of -$461k.