National Association of Rocketry

Analysis

National Association of Rocketry is a registered charity in United States, based in Marshall, VA. It received its IRS tax-exemption ruling in September 1974, 52 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, National Association of Rocketry reported income of $1.1m and spending of $1.1m, spending 106% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $560k to $1.1m (+91%), an average of +18% a year. The sharpest change came in the year to December 2023, when income rose by 38%. Over the whole period it spent 106% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, National Association of Rocketry sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 80th percentile within VA. Charities of a similar size with the same main cause include The Childrens Hospital Volunteers Inc ($1.1m), Habitat for Humanity International Inc ($1.1m) and Little League Baseball Inc ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 51% and program service revenue 48% of the total. Other salaries and wages came to $165k. At year end it held assets of $293k against liabilities of $73k, net assets of $221k. It reported 4 employees.