Rooftop Foundation
Rooftop Foundation experiences significant financial deficit and asset decline in 2023 after periods of revenue growth.
EIN: 204970385 · Nashville, TN · NTEE: P20 · Updated: 2026-03-28
Is Rooftop Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Rooftop Foundation directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Rooftop Foundation
Rooftop Foundation (EIN: 204970385) is a nonprofit organization based in Nashville, TN, classified under NTEE code P20. The organization reported total revenue of $893K and total assets of $158K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Rooftop Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Rooftop Foundation with a Mission Score of 70 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Rooftop Foundation allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
Rooftop Foundation consistently reports 0% officer compensation across all available filings, indicating that no portion of its expenses is allocated to executive salaries, which is highly favorable for a nonprofit of its size.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Rooftop Foundation's IRS 990 filings:
- Significant deficit in 2023 (Expenses $930,986 vs. Revenue $568,262)
- Substantial decline in assets from $512,615 in 2022 to $149,891 in 2023
- Fluctuating revenue and expense patterns over the past decade, indicating potential instability
Strengths
The following positive indicators were identified for Rooftop Foundation:
- Consistent reporting of 0% officer compensation across all filings, indicating efficient use of funds for mission.
- Long history of IRS 990 filings (13 filings), demonstrating commitment to transparency.
- Maintained low or zero liabilities for several years, indicating sound debt management.
Frequently Asked Questions about Rooftop Foundation
Is Rooftop Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Rooftop Foundation (EIN: 204970385) some concerns. Mission Score: 70/100. 3 red flags identified, 3 strengths noted.
How does Rooftop Foundation spend its money?
Rooftop Foundation directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Rooftop Foundation tax-deductible?
Rooftop Foundation is registered as a tax-exempt nonprofit (EIN: 204970385). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What caused the significant decrease in assets from $512,615 in 2022 to $149,891 in 2023?
The provided data does not specify the reasons for this substantial asset reduction. Further investigation into the 2023 IRS 990 filing's balance sheet and statement of functional expenses would be necessary to understand the specific transactions or losses that led to this decline.
How does Rooftop Foundation plan to address the $362,724 deficit incurred in 2023?
The data indicates a significant deficit in 2023 (Expenses $930,986 vs. Revenue $568,262). The organization's strategy to recover from this deficit and ensure future financial stability is not detailed in the provided summary.
What is the specific breakdown of program, administrative, and fundraising expenses for Rooftop Foundation?
The provided summary data does not offer a detailed breakdown of these expense categories. A full review of the IRS 990, Part IX (Statement of Functional Expenses), would be required to determine the exact percentages.
Filing History
IRS 990 filing history for Rooftop Foundation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Rooftop Foundation's revenue has grown by 20.3%, moving from $472K to $568K. Total assets increased by 4.8% over the same period, from $143K to $150K. Total functional expenses rose by 99.1%, from $468K to $931K. In its most recent filing year (2023), Rooftop Foundation reported a deficit of $363K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $568K | $931K | $150K | $0 | — | — |
| 2022 | $828K | $691K | $513K | $0 | — | — |
| 2021 | $619K | $744K | $376K | $182 | — | View 990 |
| 2020 | $1.4M | $1.3M | $500K | $329 | — | — |
| 2019 | $350K | $302K | $455K | $995 | — | View 990 |
| 2018 | $325K | $279K | $407K | $1K | — | View 990 |
| 2017 | $383K | $320K | $360K | $71 | — | View 990 |
| 2016 | $371K | $285K | $297K | $85 | — | View 990 |
| 2015 | $316K | $266K | $211K | $150 | — | View 990 |
| 2014 | $204K | $223K | $162K | $1K | — | View 990 |
| 2013 | $262K | $251K | $173K | $75 | — | View 990 |
| 2012 | $299K | $256K | $165K | $0 | — | View 990 |
| 2011 | $472K | $468K | $143K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $568K, expenses of $931K, and assets of $150K (revenue -31.4% year-over-year).
- 2022: Revenue of $828K, expenses of $691K, and assets of $513K (revenue +33.7% year-over-year).
- 2021: Revenue of $619K, expenses of $744K, and assets of $376K (revenue -54.2% year-over-year).
- 2020: Revenue of $1.4M, expenses of $1.3M, and assets of $500K (revenue +286.7% year-over-year).
- 2019: Revenue of $350K, expenses of $302K, and assets of $455K (revenue +7.8% year-over-year).
- 2018: Revenue of $325K, expenses of $279K, and assets of $407K (revenue -15.2% year-over-year).
- 2017: Revenue of $383K, expenses of $320K, and assets of $360K (revenue +3.3% year-over-year).
- 2016: Revenue of $371K, expenses of $285K, and assets of $297K (revenue +17.4% year-over-year).
- 2015: Revenue of $316K, expenses of $266K, and assets of $211K (revenue +54.7% year-over-year).
- 2014: Revenue of $204K, expenses of $223K, and assets of $162K (revenue -22.0% year-over-year).
- 2013: Revenue of $262K, expenses of $251K, and assets of $173K (revenue -12.4% year-over-year).
- 2012: Revenue of $299K, expenses of $256K, and assets of $165K (revenue -36.7% year-over-year).
- 2011: Revenue of $472K, expenses of $468K, and assets of $143K.
Data Sources and Methodology
This transparency report for Rooftop Foundation is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.