Education Rocks Inc

Analysis

Education Rocks Inc is a registered charity in United States, based in Delray Beach, FL. It received its IRS tax-exemption ruling in April 2019, 7 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 June 2023, Education Rocks Inc reported income of $270k and spending of $309k, spending 115% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income fell from $311k to $270k (-13%), an average of -4.7% a year. The sharpest change came in the year to June 2023, when income rose by 74%. Over the whole period it spent 109% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Education Rocks Inc sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 63rd percentile within FL. Charities of a similar size with the same main cause include Sior Se Regional Convention Inc ($270k), Government Finance Officers Association of Pennsylvania ($270k) and Timber Creek High School Athletic Booster Club ($270k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $62k. At year end it held assets of $94k against liabilities of $19k, net assets of $75k. It reported 1 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.