Roco Charity Inc

Analysis

Roco Charity Inc is a registered charity in United States, based in Rockford, IL. It received its IRS tax-exemption ruling in February 2023, 3 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 May 2024, Roco Charity Inc reported income of $195k and spending of $87k, leaving 56% of income unspent that year. Across the 2 years on record, from May 2023 to May 2024, income grew from $187k to $195k (+4.3%), an average of +4.3% a year. Over the whole period it spent 38% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Roco Charity Inc sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 54th percentile within IL. Charities of a similar size with the same main cause include Promoting Responsible Independence in Daily Endeavors Inc-Pride ($195k), Iskashitaa Refugee Network ($195k) and Greater Philadelphia Tabernacle of David ($195k).

On its Form 990-EZ for the period ending May 2024, revenue came from contributions and grants 81% of the total. At year end it held assets of $235k against liabilities of $0, net assets of $235k.