From their Facebook page:
Time to make it official. Given the current general economic state, we have decided that there will be no RoSFest in 2023. We hope to return in 2024. We know that this is a disappointment to many.
RoSFest is a non-profit organization that depends upon donors. The festival itself does not generate the sufficient funds required to put it on at the level at which people are expecting. A single large donor basically subsidized the 2022 RoSFest. We hope to use this time to broaden the donor base in preparation for a 2024 RoSFest.
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