Rosky Charitable Foundation Inc
Rosky Charitable Foundation faces persistent operating deficits, drawing down assets over recent years.
EIN: 204790156 · Louisville, KY · NTEE: T20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $49K |
| Total Expenses | $44K |
| Program Spending | 70% |
| Net Assets | $565K |
| Transparency Score | 55/100 |
Is Rosky Charitable Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Rosky Charitable Foundation Inc directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Rosky Charitable Foundation Inc
Rosky Charitable Foundation Inc (EIN: 204790156) is a nonprofit organization based in Louisville, KY, classified under NTEE code T20. The organization reported total revenue of $49K and total assets of $555K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Rosky Charitable Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Rosky Charitable Foundation Inc is a micro nonprofit that has been operating for 19 years, with 10 years of IRS 990 filings on record (2012–2024). Revenue has grown at a compound annual rate of -7.5%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $29K |
| Total Expenses | $44K |
| Surplus / Deficit | $-14,897 |
| Total Assets | $565K |
| Total Liabilities | $1 |
| Net Assets | $565K |
| Operating Margin | -52.1% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 155.9 months |
Financial Health Grade: B
In 2024, Rosky Charitable Foundation Inc reported a deficit of $15K with expenses exceeding revenue, holds 155.9 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2012–2024), Rosky Charitable Foundation Inc's revenue has declined at a compound annual growth rate (CAGR) of -7.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +67.0% | -7.1% | -2.6% |
| 2023 | +65.6% | +16.7% | -4.9% |
| 2022 | -17.1% | -54.7% | -4.7% |
| 2021 | -94.7% | +980.2% | -10.6% |
| 2020 | +996.4% | -82.7% | +46.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2007 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Rosky Charitable Foundation Inc with a Mission Score of 55 out of 100 (Fair). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, Rosky Charitable Foundation Inc allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $15K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation has consistently been reported as 0% across all available filings, indicating that no salaries or other compensation are paid to officers, which is a strong positive for minimizing administrative costs.
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 Rosky Charitable Foundation Inc's IRS 990 filings:
- Consistent operating deficits for the past four years (2021-2024), with expenses exceeding revenue.
- Declining asset base from $715,752 in 2020 to $565,200 in 2024, indicating reliance on reserves.
- Significant drop in revenue from $235,848 in 2020 to $28,607 in 2024, suggesting fundraising challenges.
Strengths
The following positive indicators were identified for Rosky Charitable Foundation Inc:
- Zero officer compensation reported across all filings, indicating efficient use of funds regarding executive pay.
- Maintains a substantial asset base ($565,200 in 2024) despite recent deficits, providing a buffer.
- History of consistent filing of IRS Form 990, demonstrating transparency in reporting.
Frequently Asked Questions about Rosky Charitable Foundation Inc
Is Rosky Charitable Foundation Inc a legitimate charity?
Rosky Charitable Foundation Inc (EIN: 204790156) is a registered tax-exempt nonprofit based in Kentucky. Our AI analysis gives it a Mission Score of 55/100. It has 10 years of IRS 990 filings on record. Total revenue: $49K. 3 red flags identified. 3 strengths noted. Financial health grade: B.
How does Rosky Charitable Foundation Inc spend its money?
Rosky Charitable Foundation Inc directs 70% of its spending to programs and services. Fundraising costs 10%. This meets the 65% industry benchmark.
Are donations to Rosky Charitable Foundation Inc tax-deductible?
Rosky Charitable Foundation Inc is registered as a tax-exempt nonprofit (EIN: 204790156). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Rosky Charitable Foundation Inc's spending goes to programs?
Rosky Charitable Foundation Inc directs 70% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
How does Rosky Charitable Foundation Inc compare to similar nonprofits?
With a transparency score of 55/100 (Fair), Rosky Charitable Foundation Inc is near average for NTEE category T20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Rosky Charitable Foundation Inc located?
Rosky Charitable Foundation Inc is headquartered in Louisville, Kentucky and files with the IRS under EIN 204790156. It is classified under NTEE code T20.
How many years of IRS 990 filings does Rosky Charitable Foundation Inc have?
Rosky Charitable Foundation Inc has 10 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $49K in total revenue.
How does Rosky Charitable Foundation plan to address its consistent operating deficits?
The organization has consistently spent more than it earned in the last four fiscal periods (2021-2024), leading to a reduction in its asset base. A clear strategy for increasing revenue or reducing expenses is needed.
What is the detailed breakdown of the organization's expenses beyond officer compensation?
While officer compensation is 0%, a more granular breakdown of program, administrative, and fundraising expenses would provide better insight into spending efficiency, which is not fully discernible from the summary 990 data provided.
Is the decline in assets a concern for the foundation's long-term sustainability?
Yes, assets have decreased from $715,752 in 2020 to $565,200 in 2024. If this trend of spending more than revenue continues, the foundation's ability to fund its mission will be significantly impacted over time.
Filing History
IRS 990 filing history for Rosky Charitable Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2012–2024), Rosky Charitable Foundation Inc's revenue has declined by 61%, moving from $73K to $29K. Total assets increased by 29.3% over the same period, from $437K to $565K. Total functional expenses rose by 34.8%, from $32K to $44K. In its most recent filing year (2024), Rosky Charitable Foundation Inc reported a deficit of $15K, with expenses exceeding revenue. The organization holds $1 in liabilities against $565K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $565K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $29K | $44K | $565K | $1 | — | — |
| 2023 | $17K | $47K | $580K | $1 | — | View 990 |
| 2022 | $10K | $40K | $610K | $1 | — | — |
| 2021 | $12K | $89K | $640K | $1 | — | View 990 |
| 2020 | $236K | $8K | $716K | $0 | — | View 990 |
| 2016 | $22K | $48K | $488K | $0 | — | View 990 |
| 2015 | $78K | $63K | $514K | $0 | — | View 990 |
| 2014 | $77K | $63K | $499K | $0 | — | View 990 |
| 2013 | $81K | $34K | $484K | $0 | — | View 990 |
| 2012 | $73K | $32K | $437K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $29K, expenses of $44K, and assets of $565K (revenue +67.0% year-over-year).
- 2023: Revenue of $17K, expenses of $47K, and assets of $580K (revenue +65.6% year-over-year).
- 2022: Revenue of $10K, expenses of $40K, and assets of $610K (revenue -17.1% year-over-year).
- 2021: Revenue of $12K, expenses of $89K, and assets of $640K (revenue -94.7% year-over-year).
- 2020: Revenue of $236K, expenses of $8K, and assets of $716K (revenue +996.4% year-over-year).
- 2016: Revenue of $22K, expenses of $48K, and assets of $488K (revenue -72.5% year-over-year).
- 2015: Revenue of $78K, expenses of $63K, and assets of $514K (revenue +1.5% year-over-year).
- 2014: Revenue of $77K, expenses of $63K, and assets of $499K (revenue -4.4% year-over-year).
- 2013: Revenue of $81K, expenses of $34K, and assets of $484K (revenue +10.1% year-over-year).
- 2012: Revenue of $73K, expenses of $32K, and assets of $437K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Rosky Charitable Foundation Inc:
Data Sources and Methodology
This transparency report for Rosky Charitable Foundation Inc 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.