The Rockland Community Foundation

Analysis

The Rockland Community Foundation is a registered charity in United States, based in Suffern, NY. It received its IRS tax-exemption ruling in August 2003, 23 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 June 2023, The Rockland Community Foundation reported income of $1.5m and spending of $967k, leaving 37% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $515k to $1.5m (+197%), an average of +31% a year. The sharpest change came in the year to June 2022, when income rose by 417%. Over the whole period it spent 46% 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 Rockland Community Foundation sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 80th percentile within NY. Charities of a similar size with the same main cause include United Way of Howard County Inc ($1.5m), United Way of Wayne and Holmes Counties Inc ($1.5m) and Foundation of the New York Armenian Home Inc ($1.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 87% of the total. Compensation of current officers, directors and key employees was $72k (7.5% of expenses). Other salaries and wages came to $37k. At year end it held assets of $7.1m against liabilities of $8,450, net assets of $7.1m. It reported 3 employees.