Rose Of Sharon Inc
- Assets
- $88.5k
- Revenue
- $634.8k
- Investments
- $0.0
- Employees
- 23
- Location
- Huntsville, AL
- Founding
- 10/2010
- Data as of
- 12/2023
- EIN
- 20-0347652
Organization Overview
Rose Of Sharon Inc is located in Huntsville, AL. The organization was established in 2010. According to its NTEE Classification (K35) the organization is classified as: Soup Kitchens, under the broad grouping of Food, Agriculture & Nutrition and related organizations. As of 12/2023, Rose Of Sharon Inc employed 23 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rose Of Sharon Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Rose Of Sharon Inc generated $634.8k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 20.1% each year . All expenses for the organization totaled $740.9k during the year ending 12/2023. While expenses have increased by 26.1% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE FOOD CLOTHING AND OTHER BASIC NEEDS TO THOSE IN NEED.
Describe the Organization's Program Activity:
Part 3 - Line 4a
USING MOSTLY DONATED FOOD AND HOUSEHOLD ITEMS, PROVIDED MEALS AND CLOTHING, ALONG WITH OTHER NECESSARY ITEMS TO THE HOMELESS.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,655 |
| All other contributions, gifts, grants, and similar amounts not included above | $631,775 |
| Noncash contributions included in lines 1a–1f | $256,639 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $634,430 |
| Total Program Service Revenue | $0 |
| Investment income | $381 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $634,811 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $96,095 |
| Compensation of current officers, directors, key employees. | $48,048 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $235,445 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $26,062 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $480 |
| Fees for services: Accounting | $3,634 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $11,336 |
| Office expenses | $6,798 |
| Information technology | $1,855 |
| Royalties | $0 |
| Occupancy | $48,203 |
| Travel | $10,589 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $15,712 |
| Insurance | $7,640 |
| All other expenses | $255,411 |
| Total functional expenses | $740,871 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $29,505 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $58,974 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $88,479 |
| Accounts payable and accrued expenses | $2,405 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $7,445 |
| Total liabilities | $9,850 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $78,629 |
| Total liabilities and net assets/fund balances | $88,479 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Pantry Of Broward Inc Fort Lauderdale, FL | $7,150,123 | $1,611,055 |
Rose Of Sharon Inc Huntsville, AL | $88,479 | $634,811 |
Wildwood Soup Kitchen Inc Wildwood, FL | $394,479 | $433,344 |
Rome-Floyd County Community Soup Kitchen Inc Rome, GA | $803,536 | $252,354 |
Heartland Hands Horn Lake, MS | $2,024,968 | $211,793 |
Straight Street Inc Orlando, FL | $1,020 | $0 |
Our Fathers Table Ii Inc Vero Beach, FL | $193,667 | $0 |
Loaves & Fishes Community Soup Kitchen Of Columbus Columbus, MS | $77,049 | $0 |
Graces Kitchen Bessemer, AL | $104,635 | $0 |
Abundant Life Soup Kitchen Inc Griffin, GA | $144,230 | $0 |
Eternal Happiness Foundation Troy, AL | $5,000 | $0 |
Aleahas Palace Inc Villa Rica, GA | $0 | $0 |