Rocky Mountain Institute

Analysis

Rocky Mountain Institute is a registered charity in United States, based in Boulder, CO. It received its IRS tax-exemption ruling in December 1982, 44 years ago. 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, Rocky Mountain Institute reported income of $139.4m and spending of $141.2m, spending 101% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $53.5m to $139.4m (+161%), an average of +27% a year. The sharpest change came in the year to June 2021, when income rose by 86%. Over the whole period it spent 85% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Rocky Mountain Institute sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 100th percentile within CO. Charities of a similar size with the same main cause include Community Partnership for the Prevention of Homelessness ($138.9m), Elmhurst University ($139.6m) and Wofford College ($138.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 76% and program service revenue 18% of the total. Compensation of current officers, directors and key employees was $3.7m (2.6% of expenses). Other salaries and wages came to $75.3m. It paid $22k in professional fundraising fees. At year end it held assets of $140.7m against liabilities of $44.4m, net assets of $96.4m. It reported 628 employees.