Roivant Social Ventures Inc

Analysis

Roivant Social Ventures Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in September 2020, 6 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 March 2023, Roivant Social Ventures Inc reported income of $183k and spending of $246k, spending 134% of what it took in. Across the 2 years on record, from March 2022 to March 2023, income fell from $694k to $183k (-74%), an average of -74% a year. The sharpest change came in the year to March 2023, when income dropped by 74%. Over the whole period it spent 43% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Roivant Social Ventures Inc sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 49th percentile within NY. Charities of a similar size with the same main cause include Dressed for School Inc ($183k), Eithne and Paddy Fitzpatrick Memorial Fund ($183k) and Breast Cancer Eradication Initiative Inc ($183k).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 93% of the total. At year end it held assets of $756k against liabilities of $257k, net assets of $499k.