Rockwood Market Hall

Analysis

Rockwood Market Hall is a registered charity in United States, based in Gresham, OR. It received its IRS tax-exemption ruling in January 2021, 5 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. The IRS classifies it as a supporting organisation (type iii functionally integrated) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Rockwood Market Hall reported income of $1.0m and spending of $1.8m, spending 171% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income grew from $162k to $1.0m (+542%), an average of +86% a year. The sharpest change came in the year to December 2023, when income rose by 137%. Over the whole period it spent 173% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Rockwood Market Hall sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 80th percentile within OR. Charities of a similar size with the same main cause include Alliance 2005 ($1.0m), Colorado Procurement Technical Assistance Center ($1.0m) and Sobro Development Corporation ($1.0m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $218k. At year end it held assets of $16.9m against liabilities of $18.6m, net assets of -$1.6m.

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.