Rockford University

Analysis

Rockford University is a registered charity in United States, based in Rockford, IL. It received its IRS tax-exemption ruling in May 1937, 89 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, Rockford University reported income of $43.7m and spending of $41.3m, spending 94% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $38.3m to $43.7m (+14%), an average of +3.3% a year. Over the whole period it spent 96% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Rockford University sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 98th percentile within IL. Charities of a similar size with the same main cause include Greathearts Arizona ($43.7m), Academir Charter Schools Inc ($43.7m) and Notre Dame College ($43.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 14% and program service revenue 84% of the total. Compensation of current officers, directors and key employees was $1.2m (2.8% of expenses). Other salaries and wages came to $10.1m. At year end it held assets of $59.6m against liabilities of $11.6m, net assets of $48.0m. It reported 641 employees.