Rockwood Food

Analysis

Rockwood Food is a registered charity in United States, based in Gresham, OR. It received its IRS tax-exemption ruling in February 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 Food reported income of $163k and spending of $165k, spending 102% of its income. Across the 4 years on record, from December 2020 to December 2023, income fell from $4.1m to $163k (-96%), an average of -66% a year. The sharpest change came in the year to December 2021, when income dropped by 96%. Over the whole period it spent 12% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Rockwood Food sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 49th percentile within OR. Charities of a similar size with the same main cause include Baltimore Avenue Redevelopment Corporation ($162k), Brighton Main Streets Inc ($163k) and Greenwood Community Development Corporation ($162k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $6.8m against liabilities of $2.7m, net assets of $4.1m.