Rose Of Sharon Inc
- Assets
- $119.4k
- Revenue
- $763.9k
- Investments
- $0.0
- Employees
- 23
- Location
- Huntsville, AL
- Founding
- 10/2010
- Data as of
- 12/2021
- 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 12/2021, 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 12/2021, Rose Of Sharon Inc generated $763.9k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 34.2% each year . All expenses for the organization totaled $837.1k during the year ending 12/2021. While expenses have increased by 41.8% per year over the past 5 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
2021
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 | $5,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $758,829 |
| Noncash contributions included in lines 1a–1f | $307,288 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $763,829 |
| Total Program Service Revenue | $0 |
| Investment income | $64 |
| 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 | $763,893 |
| 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. | $93,840 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $195,142 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $23,867 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $480 |
| Fees for services: Accounting | $3,815 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,895 |
| Advertising and promotion | $4,552 |
| Office expenses | $20,362 |
| Information technology | $997 |
| Royalties | $0 |
| Occupancy | $61,588 |
| Travel | $4,903 |
| 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 | $18,708 |
| Insurance | $12,819 |
| All other expenses | $348,134 |
| Total functional expenses | $837,057 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $50,693 |
| 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 | $380 |
| Net Land, buildings, and equipment | $68,325 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $119,398 |
| Accounts payable and accrued expenses | $40 |
| 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 | $5,608 |
| Total liabilities | $5,648 |
| 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 | $113,750 |
| Total liabilities and net assets/fund balances | $119,398 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Rose Of Sharon Inc has recieved totaling $1,500.
| Awarding Organization | Amount |
|---|---|
I3 Cares Foundation Huntsville, AL PURPOSE: FOR ASSISTANCE | $1,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Pantry Of Broward Inc Ft Lauderdale, FL | $8,007,303 | $1,976,480 |
Rose Of Sharon Inc Huntsville, AL | $119,398 | $763,893 |
Wildwood Soup Kitchen Inc Wildwood, FL | $373,583 | $386,838 |
Rome-Floyd County Community Soup Kitchen Inc Rome, GA | $873,113 | $248,146 |
Straight Street Inc Orlando, FL | $20,451 | $0 |
Our Fathers Table Ii Inc Vero Beach, FL | $248,299 | $0 |
Graces Kitchen Bessemer, AL | $104,635 | $0 |
Heartland Hands Horn Lake, MS | $2,063,461 | $1,706,273 |
Loaves & Fishes Community Soup Kitchen Of Columbus Columbus, MS | $103,245 | $0 |
Abundant Life Soup Kitchen Inc Griffin, GA | $107,146 | $0 |
Eternal Happiness Foundation Troy, AL | $5,000 | $0 |
Aleahas Palace Inc Villa Rica, GA | $0 | $0 |