Rochester Math & Science Academy

Analysis

Rochester Math & Science Academy is a registered charity in United States, based in Rochester, MN. It received its IRS tax-exemption ruling in September 2006, 20 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, Rochester Math & Science Academy reported income of $8.9m and spending of $9.4m, spending 106% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $5.7m to $8.9m (+55%), an average of +12% a year. The sharpest change came in the year to June 2021, when income rose by 31%. Over the whole period it spent 98% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Rochester Math & Science Academy sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 94th percentile within MN. Charities of a similar size with the same main cause include Institute of Church Administration and Management ($8.9m), Hollywood Schoolhouse Inc ($8.9m) and Community Education Association Inc ($8.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $277k (2.9% of expenses). Other salaries and wages came to $3.6m. At year end it held assets of $7.4m against liabilities of $7.1m, net assets of $264k. It reported 118 employees.