Rocket City Scholarship Granting Organization Inc

Analysis

Rocket City Scholarship Granting Organization Inc is a registered charity in United States, based in Huntsville, AL. It received its IRS tax-exemption ruling in January 2014, 12 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, Rocket City Scholarship Granting Organization Inc reported income of $1.7m and spending of $1.1m, leaving 33% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $666k to $1.7m (+157%), an average of +27% a year. The sharpest change came in the year to June 2024, when income rose by 123%. Over the whole period it spent 124% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Rocket City Scholarship Granting Organization 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 85th percentile, and in the 88th percentile within AL. Charities of a similar size with the same main cause include Unity Schools Socal ($1.7m), Southwest Institute of Montessori Studies ($1.7m) and Tidewater Academy Inc ($1.7m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 97% of the total. Other salaries and wages came to $46k. At year end it held assets of $2.0m against liabilities of $704, net assets of $2.0m. It reported 1 employees.