Rockbridge Academy Inc

Analysis

Rockbridge Academy Inc is a registered charity in United States, based in Crownsville, MD. It received its IRS tax-exemption ruling in September 1996, 30 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, Rockbridge Academy Inc reported income of $5.4m and spending of $5.4m, spending 101% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $4.8m to $5.4m (+13%), an average of +3.2% a year. Over the whole period it spent 89% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Rockbridge Academy Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 91st percentile within MD. Charities of a similar size with the same main cause include Bridge Elementary ($5.4m), Golden Charter Academy ($5.4m) and Educational Policy Improvement Center ($5.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 2.7% and program service revenue 93% of the total. Compensation of current officers, directors and key employees was $154k (2.8% of expenses). Other salaries and wages came to $2.8m. At year end it held assets of $9.8m against liabilities of $5.6m, net assets of $4.2m. It reported 135 employees.