Rocket Learning Foundation

Analysis

Rocket Learning Foundation is a registered charity in United States, based in Cambridge, MA. It received its IRS tax-exemption ruling in March 2022, 4 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Rocket Learning Foundation reported income of $4.8m and spending of $121k, leaving 97% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $305k to $4.8m (+1464%), an average of +296% a year. The sharpest change came in the year to December 2022, when income rose by 554%. Over the whole period it spent 7.4% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Rocket Learning Foundation sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 91st percentile within MA. Charities of a similar size with the same main cause include Hand in Hand Christian Montessori Home School Academy ($4.8m), Knowledge Quest Academy ($4.8m) and Keystone Montessori Charter School Inc ($4.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $6.6m against liabilities of $16k, net assets of $6.5m.