Rockwood Residents Foundation

Analysis

Rockwood Residents Foundation is a registered charity in United States, based in Spokane, WA. It received its IRS tax-exemption ruling in July 1990, 36 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending May 2023, Rockwood Residents Foundation reported income of $1.1m and spending of $659k, leaving 39% of income unspent that year. Across the 5 years on record, from May 2019 to May 2023, income grew from $536k to $1.1m (+102%), an average of +19% a year. The sharpest change came in the year to May 2021, when income rose by 162%. Over the whole period it spent 36% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Rockwood Residents Foundation sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 80th percentile within WA. Charities of a similar size with the same main cause include Stable Life Services ($1.1m), Adult Day Activity Personal Training Inc ($1.1m) and Riverhouse Childrens Center Inc ($1.1m).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 71% of the total. At year end it held assets of $9.4m against liabilities of $181k, net assets of $9.2m.