Rocketown of Middle Tennessee

Analysis

Rocketown of Middle Tennessee is a registered charity in United States, based in Nashville, TN. It received its IRS tax-exemption ruling in January 1995, 31 years ago. Its declared purposes cover youth development, which this site groups under children and youth 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 June 2023, Rocketown of Middle Tennessee reported income of $2.0m and spending of $2.9m, spending 147% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income fell from $5.5m to $2.0m (-64%), an average of -29% a year. The sharpest change came in the year to June 2021, when income dropped by 69%. Over the whole period it spent 73% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Rocketown of Middle Tennessee sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 87th percentile within TN. Charities of a similar size with the same main cause include Harrison House Community Programs Inc ($2.0m), Boys & Girls Club of Greater Haverhill Inc ($2.0m) and Helping Others Pursue Excellence ($2.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 44% and program service revenue 18% of the total. Compensation of current officers, directors and key employees was $150k (5.1% of expenses). Other salaries and wages came to $763k. At year end it held assets of $13.4m against liabilities of $4.3m, net assets of $9.2m. It reported 27 employees.