Rocky Mountain College

Analysis

Rocky Mountain College is a registered charity in United States, based in Billings, MT. It received its IRS tax-exemption ruling in April 1950, 76 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, Rocky Mountain College reported income of $48.3m and spending of $47.6m, spending 99% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $39.4m to $48.3m (+23%), an average of +5.3% a year. The sharpest change came in the year to June 2021, when income rose by 36%. Over the whole period it spent 94% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Rocky Mountain College sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within MT. Charities of a similar size with the same main cause include Berkshire School Inc ($48.3m), Rowan University Foundation Inc ($48.3m) and Kent School Corporation ($48.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 10% and program service revenue 85% of the total. Compensation of current officers, directors and key employees was $979k (2.1% of expenses). Other salaries and wages came to $11.7m. It paid $18k in professional fundraising fees. At year end it held assets of $84.0m against liabilities of $14.7m, net assets of $69.3m. It reported 774 employees.