Rocky Ridge Music Center Foundation

Analysis

Rocky Ridge Music Center Foundation is a registered charity in United States, based in Boulder, CO. It received its IRS tax-exemption ruling in August 1961, 65 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 September 2023, Rocky Ridge Music Center Foundation reported income of $759k and spending of $759k, spending 100% of its income. Across the 5 years on record, from September 2019 to September 2023, income fell from $810k to $759k (-6.2%), an average of -1.6% a year. The sharpest change came in the year to September 2021, when income rose by 123%. Over the whole period it spent 105% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Rocky Ridge Music Center Foundation sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 74th percentile within CO. Charities of a similar size with the same main cause include Alaska State Youth Soccer Association ($759k), Olympia-Tumwater Foundation ($759k) and Adult Day Center of the Black Hills ($759k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 36% and program service revenue 62% of the total. Other salaries and wages came to $225k. At year end it held assets of $1.1m against liabilities of $176k, net assets of $901k. It reported 55 employees.