Roselawn Corporation

Analysis

Roselawn Corporation is a registered charity in United States, based in Farmington, NM. It received its IRS tax-exemption ruling in September 2005, 21 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 June 2023, Roselawn Corporation reported income of $143k and spending of $175k, spending 122% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $130k to $143k (+10%), an average of +2.5% a year. Over the whole period it spent 126% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Roselawn Corporation sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 42nd percentile within NM. Charities of a similar size with the same main cause include Western Wayne Affordable Housing Inc ($143k), Chaffee County Hospitality Inc ($143k) and Hillside Village III Inc ($143k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 39% and program service revenue 60% of the total. Other salaries and wages came to $26k. At year end it held assets of $1.4m against liabilities of $1.8m, net assets of -$381k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.