Rocky Mountain Association of Student Financial Aid Administrato

Analysis

Rocky Mountain Association of Student Financial Aid Administrato is a registered charity in United States, based in Laramie, WY. It received its IRS tax-exemption ruling in October 1983, 43 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 December 2023, Rocky Mountain Association of Student Financial Aid Administrato reported income of $254k and spending of $299k, spending 118% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $232k to $254k (+9.3%), an average of +2.2% a year. The sharpest change came in the year to December 2022, when income rose by 47%. Over the whole period it spent 114% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Rocky Mountain Association of Student Financial Aid Administrato sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 57th percentile within WY. Charities of a similar size with the same main cause include Crca Foundation ($254k), Womens Small Business Accelerator ($254k) and Iatse Local 22 Training Fund ($254k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 18% and program service revenue 78% of the total. At year end it held assets of $384k against liabilities of $0, net assets of $384k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.