Rocketship Education Wisconsin Inc

Analysis

Rocketship Education Wisconsin Inc is a registered charity in United States, based in Redwood City, CA. It received its IRS tax-exemption ruling in March 2015, 11 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, Rocketship Education Wisconsin Inc reported income of $9.1m and spending of $10.4m, spending 114% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $6.3m to $9.1m (+45%), an average of +9.7% a year. The sharpest change came in the year to June 2022, when income rose by 22%. Over the whole period it spent 105% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Rocketship Education Wisconsin Inc 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 95th percentile within CA. Charities of a similar size with the same main cause include Faith Academy Charter School Inc ($9.1m), Innovation Spokane Schools ($9.1m) and Zeeland Christian School ($9.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $3.8m. At year end it held assets of $8.7m against liabilities of $12.3m, net assets of -$3.5m. It reported 114 employees.