Rocking the Boat Inc

Analysis

Rocking the Boat Inc is a registered charity in United States, based in Bronx, NY. It received its IRS tax-exemption ruling in December 2001, 25 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, Rocking the Boat Inc reported income of $5.0m and spending of $3.3m, leaving 34% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.0m to $5.0m (+69%), an average of +14% a year. The sharpest change came in the year to December 2023, when income rose by 58%. Over the whole period it spent 81% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Rocking the Boat Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 90th percentile within NY. Charities of a similar size with the same main cause include Riverside Academy Inc ($5.0m), Bais Reuven Kamenetz of Lakewood in C ($5.0m) and Beaufort Academy Inc ($5.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% and program service revenue 1.7% of the total. Compensation of current officers, directors and key employees was $186k (5.6% of expenses). Other salaries and wages came to $1.3m. It paid $30k in professional fundraising fees. At year end it held assets of $8.4m against liabilities of $678k, net assets of $7.7m. It reported 80 employees.