Rosies House a Music Academy for Children Inc

Analysis

Rosies House a Music Academy for Children Inc is a registered charity in United States, based in Phoenix, AZ. It received its IRS tax-exemption ruling in May 1991, 35 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 June 2023, Rosies House a Music Academy for Children Inc reported income of $2.0m and spending of $2.0m, spending 99% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $1.0m to $2.0m (+90%), an average of +24% a year. The sharpest change came in the year to June 2021, when income rose by 283%. Over the whole period it spent 51% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Rosies House a Music Academy for Children Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 83rd percentile within AZ. Charities of a similar size with the same main cause include Habitat for Humanity International Inc ($2.0m), Milford Council on Aging ($2.0m) and Home Builders Care Inc ($2.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 96% of the total. Compensation of current officers, directors and key employees was $109k (5.5% of expenses). Other salaries and wages came to $599k. At year end it held assets of $6.4m against liabilities of $545k, net assets of $5.8m. It reported 53 employees.