Rockville Institute a Research Institute for the Advancement of S

Analysis

Rockville Institute a Research Institute for the Advancement of S is a registered charity in United States, based in Rockville, MD. It received its IRS tax-exemption ruling in May 2006, 20 years ago. Its declared purposes cover social science, which this site groups under arts, culture, heritage and science. 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, Rockville Institute a Research Institute for the Advancement of S reported income of $2.6m and spending of $2.3m, spending 88% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $3.4m to $2.6m (-22%), an average of -5.9% a year. The sharpest change came in the year to December 2023, when income rose by 34%. Over the whole period it spent 100% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Rockville Institute a Research Institute for the Advancement of S sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 87th percentile within MD. Charities of a similar size with the same main cause include Kalamazoo Symphony Orchestra ($2.6m), The Music School of Delaware Inc ($2.6m) and Audrain Automobile Museum Inc ($2.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 86% of the total. Compensation of current officers, directors and key employees was $32k (1.4% of expenses). Other salaries and wages came to $1.4m. At year end it held assets of $9.3m against liabilities of $9.1m, net assets of $182k.