Diseases & Disorders
(G12)
IRS Verified
DX Registered
990 on File
ROMITO FOUNDATION
Financial strength (30%)
58/100
Reliability (20%)
50/100
Effectiveness (25%)
73/100
Impact (25%)
No data yet
CharityAI™ Score
Not yet evaluated
Mission Statement
Duchenne Muscular Dystrophy (DMD) effects an estimated 15,000 - 20,000 boys in the United States. The Romito Foundation has focused its extraordinary energy supporting all persons living with DMD. Objectives: 1. Directly provide funding to research for developing treatment and cures for DMD. 2. Conducting charitable events to raise public awareness as well as raising funds for our goals. 3. To partner with other organizations pursuing like goals. 4. To identify the best possible avenues to improve quality of life for people with DMD and augment funding in those areas.
Financial Overview — FY 2023
$52K
Total Revenue
$60K
Total Expenses
$120K
Net Assets
N/A
Employees
Revenue Sources
Expense Breakdown
Program Expense Ratio
100.0%
Fundraising Efficiency
39.8%
Operating Reserve
23.95x
Liability-to-Asset
0.1%
Revenue Diversification
11.8%
Compared with Peers
FY 2023
Compared with 2,111 similar organizations
(United States, Diseases & Disorders, under $100K in expenses), FY 2023.
This organization
Middle half of peers (P25–P75)
Peer median
| Ratio | This org | Peer median | Position (P10 → P90) | |
|---|---|---|---|---|
|
Program expense ratio
Program expenses / total expenses
· higher is better
|
100.0% | 78.1% |
P10P90
|
Top quarter |
|
Fundraising efficiency
Fundraising expenses / gross fundraising income
· lower is better
|
39.8% | 45.5% |
P10P90
|
Above median |
|
Operating reserve
Months of expenses covered by net assets
· higher is better
|
24.0 mo | 23.2 mo |
P10P90
|
Above median |
|
Liabilities to assets
Total liabilities / total assets
· lower is better
|
0.1% | 0.0% |
P10P90
|
Below median |
|
Revenue concentration
Share of revenue from the largest source
· lower is better
|
11.8% | 99.9% |
P10P90
|
Top quarter |
|
Revenue growth
Year over year revenue growth
|
-38.4% | -2.0% |
P10P90
|
|
|
Expense growth
Year over year expense growth
|
38.4% | 1.1% |
P10P90
|
|
|
Surplus margin
Surplus as a share of revenue
|
-15.9% | 11.1% |
P10P90
|
Financial History
| Year | Revenue | Expenses | Net Assets | Program % | Staff |
|---|---|---|---|---|---|
| 2023 | $52K | $60K | $120K | 100.0% | — |
| 2022 | $84K | $43K | $128K | 100.0% | — |
| 2021 | $89K | $37K | $87K | 100.0% | — |
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