Rockwood Early Educational Academy Incorporated

Analysis

Rockwood Early Educational Academy Incorporated is a registered charity in United States, based in Dorchester, MA. It received its IRS tax-exemption ruling in February 1978, 48 years ago. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Rockwood Early Educational Academy Incorporated reported income of $1.9m and spending of $1.2m, leaving 37% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.1m to $1.9m (+68%), an average of +14% a year. The sharpest change came in the year to June 2022, when income rose by 76%. Over the whole period it spent 85% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Rockwood Early Educational Academy Incorporated sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 84th percentile within MA. Charities of a similar size with the same main cause include Lifequest Inc ($1.9m), El Dorado County Fair Association ($1.9m) and Alternatives for Youth Foundation Inc ($1.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 16% and program service revenue 73% of the total. Compensation of current officers, directors and key employees was $223k (19% of expenses). Other salaries and wages came to $630k. At year end it held assets of $1.8m against liabilities of $516k, net assets of $1.3m. It reported 26 employees.