Rocket Alumi Club

Analysis

Rocket Alumi Club is a registered charity in United States, based in Roxboro, NC. It received its IRS tax-exemption ruling in October 1998, 28 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 December 2023, Rocket Alumi Club reported income of $100k and spending of $53k, leaving 48% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $65k to $100k (+55%), an average of +55% a year. The sharpest change came in the year to December 2023, when income rose by 55%. Over the whole period it spent 70% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Rocket Alumi Club sits at the 39th percentile: it is larger than about 39% of them. Against every charity in United States with reported income it ranks in the 37th percentile, and in the 35th percentile within NC. Charities of a similar size with the same main cause include Friends of Burr Inc ($100k), Cincinnati Classical Academy Parent Service Organization ($100k) and Hope in Christ - Haiti Outreach ($100k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 3.0% and program service revenue 98% of the total. At year end it held assets of $64k against liabilities of $0, net assets of $64k.