261 Rosecrest Inc

Analysis

261 Rosecrest Inc is a registered charity in United States, based in Pittsburgh, PA. It received its IRS tax-exemption ruling in June 2022, 4 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, 261 Rosecrest Inc reported income of $1.3m and spending of $1.7m, spending 128% of what it took in. Across the 2 years on record, from August 2022 to August 2023, income grew from $1.1m to $1.3m (+18%), an average of +18% a year. The sharpest change came in the year to August 2023, when income rose by 18%. Over the whole period it spent 120% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, 261 Rosecrest Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 81st percentile within PA. Charities of a similar size with the same main cause include Seattle Jr Golf Foundation ($1.3m), Rochester MN Sports ($1.3m) and American Recreation Coalition ($1.3m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 9.8% and program service revenue 90% of the total. Other salaries and wages came to $643k. At year end it held assets of $0 against liabilities of $488k, net assets of -$488k.