Rockwood Lane

Analysis

Rockwood Lane is a registered charity in United States, based in Spokane, WA. It received its IRS tax-exemption ruling in March 1946, 80 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending May 2023, Rockwood Lane reported income of $1.6m and spending of $1.6m, spending 99% of its income. Across the 4 years on record, from May 2020 to May 2023, income grew from $1.5m to $1.6m (+5.6%), an average of +1.8% a year. Over the whole period it spent 91% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Rockwood Lane sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 84th percentile within WA. Charities of a similar size with the same main cause include Homeless Veteran Emergency Housing Facility ($1.6m), Fishermans Mark ($1.6m) and Covenant for Life Child Development Center ($1.6m).

On its Form 990 for the period ending May 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $95k. At year end it held assets of $4.4m against liabilities of $3.3m, net assets of $1.1m.