Arkrock Academy

Analysis

Arkrock Academy is a registered charity in United States, based in Sammamish, WA. It received its IRS tax-exemption ruling in May 2016, 10 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Arkrock Academy reported income of $275k and spending of $273k, spending 99% of its income. Across the 3 years on record, from December 2019 to December 2023, income grew from $211k to $275k (+30%), an average of +14% a year. The sharpest change came in the year to December 2023, when income rose by 21%. Over the whole period it spent 99% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Arkrock Academy sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 58th percentile within WA. Charities of a similar size with the same main cause include Palacios Community Hub ($275k), Symphony Volunteers Inc ($275k) and Indianapolis AIDS Housing Corp ($275k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $213k. At year end it held assets of $7,740 against liabilities of $0, net assets of $7,740. It reported 9 employees.