Rocketship Public Schools Texas

Analysis

Rocketship Public Schools Texas is a registered charity in United States, based in San Antonio, TX. It received its IRS tax-exemption ruling in December 2019, 7 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, Rocketship Public Schools Texas reported income of $8.4m and spending of $9.1m, spending 108% of what it took in. Across the 2 years on record, from June 2022 to June 2023, income grew from $1.3m to $8.4m (+546%), an average of +546% a year. The sharpest change came in the year to June 2023, when income rose by 546%. Over the whole period it spent 101% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Rocketship Public Schools Texas 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 94th percentile, and in the 96th percentile within TX. Charities of a similar size with the same main cause include Park School of Buffalo ($8.4m), Montgomery School ($8.4m) and Kairos Public Schools ($8.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 66% and program service revenue 34% of the total. Compensation of current officers, directors and key employees was $688k (7.6% of expenses). Other salaries and wages came to $2.8m. At year end it held assets of $21.2m against liabilities of $20.8m, net assets of $340k. It reported 73 employees.