Living Rock Academy

Analysis

Living Rock Academy is a registered charity in United States, based in Bulverde, TX. It received its IRS tax-exemption ruling in April 2016, 10 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Living Rock Academy reported income of $1.7m and spending of $1.9m, spending 112% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.9m to $1.7m (-12%), an average of -3.1% a year. The sharpest change came in the year to June 2023, when income dropped by 26%. Over the whole period it spent 85% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Living Rock Academy sits at the 81st percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 88th percentile within TX. Charities of a similar size with the same main cause include Harvard Varsity Club Inc ($1.7m), Arf Human Services Network ($1.7m) and Paragon Academy of Technology Inc ($1.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 6.2% and program service revenue 93% of the total. Other salaries and wages came to $1.1m. At year end it held assets of $1.9m against liabilities of $515k, net assets of $1.4m. It reported 93 employees.