Rockfield Foundation Incorporated

Analysis

Rockfield Foundation Incorporated is a registered charity in United States, based in Bel Air, MD. It received its IRS tax-exemption ruling in May 1996, 30 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 June 2024, Rockfield Foundation Incorporated reported income of $433k and spending of $315k, leaving 27% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $352k to $433k (+23%), an average of +5.3% a year. The sharpest change came in the year to June 2022, when income rose by 61%. Over the whole period it spent 71% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Rockfield Foundation Incorporated sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 67th percentile within MD. Charities of a similar size with the same main cause include Farm for Hope Inc ($433k), Kahuku Village Association Inc ($433k) and Pittsburg a Philip Randolph Institute Education Fund ($433k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 15% and program service revenue 79% of the total. Compensation of current officers, directors and key employees was $87k (28% of expenses). Other salaries and wages came to $53k. At year end it held assets of $970k against liabilities of $1,525, net assets of $969k. It reported 4 employees.