Law Rocks Inc

Analysis

Law Rocks Inc is a registered charity in United States, based in El Segundo, CA. It received its IRS tax-exemption ruling in February 2012, 14 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 December 2023, Law Rocks Inc reported income of $1.0m and spending of $1.1m, spending 105% of its income. Across the 6 years on record, from December 2018 to December 2023, income grew from $556k to $1.0m (+81%), an average of +13% a year. The sharpest change came in the year to December 2022, when income rose by 146%. Over the whole period it spent 98% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Law Rocks Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 80th percentile within CA. Charities of a similar size with the same main cause include Hart Square Foundation Inc ($1.0m), Greater Fostoria Community Foundation Inc ($1.0m) and Gesa Community Foundation ($1.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 108% of the total. Other salaries and wages came to $154k. At year end it held assets of $404k against liabilities of $0, net assets of $404k. It reported 4 employees.