Rock-It-Out Inc

Analysis

Rock-It-Out Inc is a registered charity in United States, based in Lakewood, OH. It received its IRS tax-exemption ruling in October 2020, 6 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 December 2023, Rock-It-Out Inc reported income of $173k and spending of $185k, spending 107% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $153k to $173k (+13%), an average of +13% a year. Over the whole period it spent 101% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Rock-It-Out Inc sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 51st percentile within OH. Charities of a similar size with the same main cause include Foundation for Exceptional Warriors Inc ($173k), Community Food Pantry ($173k) and Aerie Inc ($173k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 59% and program service revenue 5.2% of the total. At year end it held assets of $35k against liabilities of $18k, net assets of $17k.