Rosaria Communities in Montgomery County Inc

Analysis

Rosaria Communities in Montgomery County Inc is a registered charity in United States, based in Olney, MD. It received its IRS tax-exemption ruling in April 2020, 6 years ago. 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, Rosaria Communities in Montgomery County Inc reported income of $197k and spending of $96k, leaving 51% of income unspent that year. Across the 3 years on record, from June 2021 to June 2023, income fell from $411k to $197k (-52%), an average of -31% a year. The sharpest change came in the year to June 2022, when income dropped by 43%. Over the whole period it spent 24% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Rosaria Communities in Montgomery County Inc sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 53rd percentile within MD. Charities of a similar size with the same main cause include Jayne and Fletcher Jackson Foundation Trust ($197k), Pop Warner Little Scholars Inc ($197k) and Hearts United for Good Inc ($197k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 98% and program service revenue 2.4% of the total. Other salaries and wages came to $1,642. At year end it held assets of $1.3m against liabilities of $640k, net assets of $639k.