Rocky Point Charter School

Analysis

Rocky Point Charter School is a registered charity in United States, based in Redding, CA. It received its IRS tax-exemption ruling in August 2011, 15 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Rocky Point Charter School reported income of $2.5m and spending of $2.4m, spending 95% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.8m to $2.5m (+38%), an average of +8.3% a year. The sharpest change came in the year to June 2023, when income rose by 16%. Over the whole period it spent 95% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Rocky Point Charter School sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 88th percentile within CA. Charities of a similar size with the same main cause include Seek Ye First Ministries Inc ($2.5m), Grace Association of Schools Inc ($2.5m) and Summit Agency Inc ($2.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% and program service revenue 0.1% of the total. Compensation of current officers, directors and key employees was $162k (6.7% of expenses). Other salaries and wages came to $1.2m. At year end it held assets of $2.3m against liabilities of $752k, net assets of $1.6m. It reported 38 employees.