Rocket Boosters

Analysis

Rocket Boosters is a registered charity in United States, based in Rockford, MN. It received its IRS tax-exemption ruling in February 2007, 19 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Rocket Boosters reported income of $222k and spending of $240k, spending 108% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $224k to $222k (-1.0%), an average of -1.0% a year. Over the whole period it spent 90% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Rocket Boosters sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 54th percentile within MN. Charities of a similar size with the same main cause include Fox Cares Foundation Inc ($222k), Andrew J Griffin Foundation Inc ($222k) and Buffalo Renaissance Foundation Inc ($222k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 79% and program service revenue 18% of the total. At year end it held assets of $117k against liabilities of $0, net assets of $117k.