Rocklin Academy

Analysis

Rocklin Academy is a registered charity in United States, based in Rocklin, CA. It received its IRS tax-exemption ruling in March 2000, 26 years ago. 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, Rocklin Academy reported income of $37.0m and spending of $32.3m, spending 87% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $28.0m to $37.0m (+32%), an average of +7.2% a year. The sharpest change came in the year to June 2022, when income rose by 15%. Over the whole period it spent 92% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Rocklin Academy sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within CA. Charities of a similar size with the same main cause include Community Health Alliance ($37.0m), American College of Chest Physicians ($37.1m) and Point University Inc ($37.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 1.7% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $971k (3.0% of expenses). Other salaries and wages came to $15.0m. At year end it held assets of $38.0m against liabilities of $19.4m, net assets of $18.6m. It reported 455 employees.