Rome Foundation

Analysis

Rome Foundation is a registered charity in United States, based in Raleigh, NC. It received its IRS tax-exemption ruling in October 1997, 29 years ago. Its declared purposes cover medical research, which this site groups under health and saving lives. 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, Rome Foundation reported income of $2.7m and spending of $3.0m, spending 112% of what it took in. Across the 5 years on record, from June 2020 to December 2023, income grew from $2.0m to $2.7m (+36%), an average of +7.9% a year. The sharpest change came in the year to December 2022, when income rose by 239%. Over the whole period it spent 87% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Rome Foundation sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 89th percentile within NC. Charities of a similar size with the same main cause include The Telos Project ($2.7m), Virtue Center ($2.7m) and Infusion Nurses Society Inc ($2.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 43% and program service revenue 57% of the total. Compensation of current officers, directors and key employees was $252k (8.4% of expenses). Other salaries and wages came to $298k. At year end it held assets of $1.6m against liabilities of $65k, net assets of $1.5m.