Rockford Education Foundation

Analysis

Rockford Education Foundation is a registered charity in United States, based in Rockford, MI. It received its IRS tax-exemption ruling in April 1992, 34 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Rockford Education Foundation reported income of $294k and spending of $315k, spending 107% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $179k to $294k (+65%), an average of +13% a year. The sharpest change came in the year to June 2021, when income rose by 39%. Over the whole period it spent 118% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Rockford Education Foundation sits at the 61st percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 61st percentile within MI. Charities of a similar size with the same main cause include Eccboc ($294k), Blended Spirits Ranch ($294k) and Falcon Sound Alliance Inc ($294k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 119% of the total. Compensation of current officers, directors and key employees was $99k (31% of expenses). It paid $37k in professional fundraising fees. At year end it held assets of $733k against liabilities of $2,220, net assets of $731k. It reported 2 employees.