Roslyn Managers Corporation

Analysis

Roslyn Managers Corporation is a registered charity in United States, based in Richmond, VA. It received its IRS tax-exemption ruling in January 1974, 52 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 December 2023, Roslyn Managers Corporation reported income of $1.7m and spending of $1.7m, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.6m to $1.7m (+1.2%), an average of +0.3% a year. The sharpest change came in the year to December 2020, when income dropped by 45%. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Roslyn Managers Corporation sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 85th percentile within VA. Charities of a similar size with the same main cause include Earl Carl Institute for Legal and Social Policy Inc ($1.7m), Lao Assistance Center of Minnesota ($1.7m) and Morehouse Council on Aging Inc ($1.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 21% and program service revenue 79% of the total. Compensation of current officers, directors and key employees was $122k (7.4% of expenses). Other salaries and wages came to $381k. At year end it held assets of $215k against liabilities of $288k, net assets of -$73k. It reported 17 employees.