Rock Academy Inc

Analysis

Rock Academy Inc is a registered charity in United States, based in Phenix City, AL. It received its IRS tax-exemption ruling in June 2022, 4 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 December 2023, Rock Academy Inc reported income of $1.2m and spending of $1.2m, spending 101% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $1.5m to $1.2m (-20%), an average of -20% a year. The sharpest change came in the year to December 2023, when income dropped by 20%. Over the whole period it spent 81% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Rock Academy Inc sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 85th percentile within AL. Charities of a similar size with the same main cause include Arlington Montessori House ($1.2m), Bhindi Foundation ($1.2m) and Serious Fun After School Inc ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 13% and program service revenue 87% of the total. Compensation of current officers, directors and key employees was $73k (6.2% of expenses). Other salaries and wages came to $802k. At year end it held assets of $525k against liabilities of $11k, net assets of $514k. It reported 51 employees.