Historic Rosedale Foundation Inc

Analysis

Historic Rosedale Foundation Inc is a registered charity in United States, based in Charlotte, NC. It received its IRS tax-exemption ruling in August 1989, 37 years ago. 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 June 2024, Historic Rosedale Foundation Inc reported income of $254k and spending of $321k, spending 126% of what it took in. Across the 6 years on record, from June 2019 to June 2024, income fell from $450k to $254k (-44%), an average of -11% a year. The sharpest change came in the year to June 2022, when income dropped by 28%. Over the whole period it spent 80% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Historic Rosedale Foundation Inc sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 57th percentile within NC. Charities of a similar size with the same main cause include Hillel the Foundation for Jewish Campus Life ($254k), Penn Jersey Educational Radio Corp ($254k) and Mendelssohn Club ($254k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 69% and program service revenue 16% of the total. Other salaries and wages came to $95k. At year end it held assets of $1.9m against liabilities of $5,525, net assets of $1.9m. It reported 12 employees.