Hardrock Club

Analysis

Hardrock Club is a registered charity in United States, based in Rapid City, SD. It received its IRS tax-exemption ruling in March 2012, 14 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 2024, Hardrock Club reported income of $510k and spending of $585k, spending 115% of what it took in. Across the 6 years on record, from June 2019 to June 2024, income fell from $868k to $510k (-41%), an average of -10% a year. The sharpest change came in the year to June 2024, when income dropped by 43%. 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, Hardrock Club sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 70th percentile within SD. Charities of a similar size with the same main cause include Stone Trust Inc ($510k), Stand for Schools ($511k) and Black and Brown Founders Inc ($510k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 82% and program service revenue 2.6% of the total. Compensation of current officers, directors and key employees was $97k (17% of expenses). Other salaries and wages came to $14k. At year end it held assets of $553k against liabilities of $1,623, net assets of $551k. It reported 3 employees.