South Rome Redevelopment Corporation

Analysis

South Rome Redevelopment Corporation is a registered charity in United States, based in Rome, GA. It received its IRS tax-exemption ruling in February 2004, 22 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 December 2023, South Rome Redevelopment Corporation reported income of $357k and spending of $145k, leaving 59% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $340k to $357k (+5.1%), an average of +1.2% a year. The sharpest change came in the year to December 2021, when income rose by 101%. Over the whole period it spent 74% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, South Rome Redevelopment Corporation sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 69th percentile within GA. Charities of a similar size with the same main cause include Junior League of Westchester on the Sound Inc ($357k), Routt County Economic Development Partnership ($357k) and Michigan Indian Employment & Training Services Inc ($357k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 7.8% and program service revenue 90% of the total. At year end it held assets of $794k against liabilities of $64, net assets of $794k.