The Rosser Foundation a Pure Charitable Trust and Public Charit

Analysis

The Rosser Foundation a Pure Charitable Trust and Public Charit is a registered charity in United States, based in Newport News, VA. It received its IRS tax-exemption ruling in June 1993, 33 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, The Rosser Foundation a Pure Charitable Trust and Public Charit reported income of $29.8m and spending of $28.9m, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $33.1m to $29.8m (-10.0%), an average of -2.6% a year. The sharpest change came in the year to December 2021, when income rose by 44%. Over the whole period it spent 99% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, The Rosser Foundation a Pure Charitable Trust and Public Charit sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within VA. Charities of a similar size with the same main cause include Greater Green Bay Community Foundation Inc ($29.8m), Community Foundation of Greenville Inc ($29.8m) and Charlottesville Area Community Foundation ($29.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 101% of the total. Compensation of current officers, directors and key employees was $953k (3.3% of expenses). Other salaries and wages came to $3.5m. At year end it held assets of $15.7m against liabilities of $4.6m, net assets of $11.2m. It reported 69 employees.