Educational Foundation for Rockport Inc

Analysis

Educational Foundation for Rockport Inc is a registered charity in United States, based in Rockport, MA. It received its IRS tax-exemption ruling in November 1997, 29 years ago. Its declared purposes cover education, which this site groups under education and training. 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 December 2023, Educational Foundation for Rockport Inc reported income of $83k and spending of $86k, spending 104% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $80k to $83k (+3.7%), an average of +0.9% a year. The sharpest change came in the year to December 2023, when income rose by 49%. Over the whole period it spent 64% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Educational Foundation for Rockport Inc sits at the 35th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 32nd percentile, and in the 40th percentile within MA. Charities of a similar size with the same main cause include North Shore Maritime Center Inc ($83k), Concerned Actuaries Group Inc ($83k) and Weston Intermediate School PTO Inc ($83k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 42% and program service revenue 27% of the total. At year end it held assets of $850k against liabilities of $0, net assets of $850k.