Rock by the Sea Inc

Analysis

Rock by the Sea Inc is a registered charity in United States, based in Tallahassee, FL. It received its IRS tax-exemption ruling in March 2008, 18 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 August 2023, Rock by the Sea Inc reported income of $373k and spending of $362k, spending 97% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $310k to $373k (+20%), an average of +4.7% a year. The sharpest change came in the year to August 2021, when income rose by 62%. Over the whole period it spent 101% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Rock by the Sea Inc sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 68th percentile within FL. Charities of a similar size with the same main cause include A Moment of Magic ($372k), Veerayatan International Inc ($373k) and National Air Traffic Controllers Association Charitable Foundation ($372k).

On its Form 990 for the period ending August 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $37k against liabilities of $0, net assets of $37k.