Rocky Mount Academy

Analysis

Rocky Mount Academy is a registered charity in United States, based in Rocky Mount, NC. It received its IRS tax-exemption ruling in January 1969, 57 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 2024, Rocky Mount Academy reported income of $7.3m and spending of $7.3m, spending 101% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $6.7m to $7.3m (+8.2%), an average of +1.6% a year. Over the whole period it spent 100% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Rocky Mount Academy sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 95th percentile within NC. Charities of a similar size with the same main cause include Wolf School Inc ($7.3m), Ouachita Christian Schools Inc ($7.3m) and Alliance Community Schools Inc ($7.3m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 4.7% and program service revenue 87% of the total. Other salaries and wages came to $4.0m. At year end it held assets of $7.7m against liabilities of $2.3m, net assets of $5.4m. It reported 166 employees.