Rossmoor Scholarship Foundation

Analysis

Rossmoor Scholarship Foundation is a registered charity in United States, based in Walnut Creek, CA. It received its IRS tax-exemption ruling in May 1966, 60 years ago. Its declared purposes cover education, which this site groups under education and training. 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 December 2023, Rossmoor Scholarship Foundation reported income of $396k and spending of $318k, spending 80% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $262k to $396k (+51%), an average of +11% a year. The sharpest change came in the year to December 2020, when income rose by 50%. Over the whole period it spent 71% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Rossmoor Scholarship Foundation sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 68th percentile within CA. Charities of a similar size with the same main cause include Reach Out and Read Rhode Island ($396k), Monson Free Library and Reading Room Association ($396k) and Global Exploration for Educatorsorganization ($396k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 82% of the total. At year end it held assets of $2.1m against liabilities of $0, net assets of $2.1m.