617 Rocks Foundation

Analysis

617 Rocks Foundation is a registered charity in United States, based in Andover, MA. It received its IRS tax-exemption ruling in May 2022, 4 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 December 2023, 617 Rocks Foundation reported income of $118k and spending of $91k, leaving 23% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $116k to $118k (+1.3%), an average of +1.3% a year. Over the whole period it spent 64% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, 617 Rocks Foundation sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 47th percentile within MA. Charities of a similar size with the same main cause include Iws Chicago ($118k), Wisconsin Society of Science Teachers ($118k) and Science and Technology Education Partnership ($118k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $86k against liabilities of $0, net assets of $86k.