The Village at Rockville Inc

Analysis

The Village at Rockville Inc is a registered charity in United States, based in Frederick, MD. It received its IRS tax-exemption ruling in September 1939, 87 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 December 2023, The Village at Rockville Inc reported income of $41.4m and spending of $42.2m, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $30.5m to $41.4m (+36%), an average of +8.0% 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, The Village at Rockville Inc sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within MD. Charities of a similar size with the same main cause include Florida Network of Youth and Family Services Inc ($41.4m), Food Bank of Delaware Inc ($41.5m) and Friends Homes Inc ($41.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 4.7% and program service revenue 88% of the total. Other salaries and wages came to $14.1m. At year end it held assets of $146.1m against liabilities of $141.8m, net assets of $4.4m. It reported 391 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.