Rosfest Inc

Analysis

Rosfest Inc is a registered charity in United States, based in Sarasota, FL. It received its IRS tax-exemption ruling in September 2019, 7 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 December 2022, Rosfest Inc reported income of $242k and spending of $245k, spending 101% of its income. Across the 3 years on record, from December 2019 to December 2022, income grew from $81k to $242k (+200%), an average of +73% a year. The sharpest change came in the year to December 2022, when income rose by 1395%. Over the whole period it spent 99% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Rosfest Inc sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 61st percentile within FL. Charities of a similar size with the same main cause include Georgia Genealogical Society Inc ($242k), Florida Orchestra-North Suncoast Associates ($242k) and Opening Night Theater Inc ($242k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 33% and program service revenue 67% of the total. At year end it held assets of $14k against liabilities of $0, net assets of $14k.