High Rocks Educational Corporation

Analysis

High Rocks Educational Corporation is a registered charity in United States, based in Hillsboro, WV. It received its IRS tax-exemption ruling in January 1996, 30 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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 August 2023, High Rocks Educational Corporation reported income of $6.1m and spending of $2.9m, leaving 53% of income unspent that year. Across the 5 years on record, from August 2019 to August 2023, income grew from $1.3m to $6.1m (+355%), an average of +46% a year. The sharpest change came in the year to August 2022, when income rose by 81%. Over the whole period it spent 63% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, High Rocks Educational Corporation sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 93rd percentile within WV. Charities of a similar size with the same main cause include Communicare Inc ($6.1m), West Central Job Partnership ($6.1m) and Bancroft Inc Workers Compensation Trust ($6.1m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $74k (2.6% of expenses). Other salaries and wages came to $729k. At year end it held assets of $6.7m against liabilities of $335k, net assets of $6.3m. It reported 101 employees.