Rose Community Development Corporation

Analysis

Rose Community Development Corporation is a registered charity in United States, based in Portland, OR. It received its IRS tax-exemption ruling in July 1996, 30 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, Rose Community Development Corporation reported income of $4.6m and spending of $7.1m, spending 154% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.7m to $4.6m (+72%), an average of +14% a year. The sharpest change came in the year to June 2020, when income rose by 142%. Over the whole period it spent 115% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Rose Community Development Corporation sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 93rd percentile within OR. Charities of a similar size with the same main cause include Palestine Gardens North Inc ($4.6m), Capitol Area Developments Inc ($4.6m) and Associated Community Services Inc ($4.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 7.5% and program service revenue 87% of the total. Compensation of current officers, directors and key employees was $165k (2.3% of expenses). Other salaries and wages came to $302k. At year end it held assets of $44.4m against liabilities of $43.9m, net assets of $513k. It reported 8 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.