Rock to the Future

Analysis

Rock to the Future is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in May 2011, 15 years ago. Its declared purposes cover arts, culture and humanities, 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 June 2023, Rock to the Future reported income of $1.4m and spending of $1.0m, leaving 25% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $514k to $1.4m (+171%), an average of +28% a year. The sharpest change came in the year to June 2022, when income rose by 79%. Over the whole period it spent 80% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Rock to the Future sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 81st percentile within PA. Charities of a similar size with the same main cause include Society for the Study of Evolution Inc ($1.4m), Law and Society Association ($1.4m) and Brockway Television Inc ($1.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 93% and program service revenue 2.1% of the total. Compensation of current officers, directors and key employees was $62k (5.9% of expenses). Other salaries and wages came to $599k. At year end it held assets of $1.0m against liabilities of $40k, net assets of $968k. It reported 23 employees.