Rocket Boosters
Rocket Boosters shows strong asset growth and no reported officer compensation, but experienced a deficit in 2023 after a significant revenue surge.
EIN: 205330773 · Rockford, MN · NTEE: T11 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $222K |
| Total Expenses | $240K |
| Program Spending | 85% |
| CEO/Top Officer Pay | $200,000 |
| Net Assets | $117K |
| Transparency Score | 85/100 |
Is Rocket Boosters Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Rocket Boosters directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Rocket Boosters
Rocket Boosters (EIN: 205330773) is a nonprofit organization based in Rockford, MN, classified under NTEE code T11. The organization reported total revenue of $222K and total assets of $102K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Rocket Boosters's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Rocket Boosters is a small nonprofit that has been operating for 19 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 29.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $222K |
| Total Expenses | $240K |
| Surplus / Deficit | $-18,683 |
| Total Assets | $117K |
| Net Assets | $117K |
| Operating Margin | -8.4% |
| Months of Reserves | 5.8 months |
Financial Health Grade: B
In 2023, Rocket Boosters reported a deficit of $19K with expenses exceeding revenue, holds 5.8 months of operating reserves (adequate).
Financial Trends
Over 13 years of filings (2011–2023), Rocket Boosters's revenue has grown at a compound annual growth rate (CAGR) of 29.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -1.0% | +48.5% | -13.8% |
| 2022 | +997.8% | +1938.4% | +84.3% |
| 2021 | -12.2% | -64.1% | +20.4% |
| 2020 | -53.2% | -35.7% | +1.9% |
| 2019 | +28.6% | -10.7% | +34.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2007 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Rocket Boosters with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Rocket Boosters allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $19K, with expenses exceeding revenue.
Executive Compensation Analysis
Rocket Boosters consistently reports 0% officer compensation across all available filings, indicating that leadership is either entirely volunteer-based or compensated through non-officer roles, which is highly unusual for an organization with over $200,000 in annual revenue.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Rocket Boosters's IRS 990 filings:
- Expenses ($240,451) exceeded revenue ($221,768) in 2023, leading to a deficit.
- Lack of detailed expense breakdown (program, admin, fundraising) on 990-EZ makes full spending efficiency assessment difficult.
- Unusually high revenue fluctuation between 2021 ($20,402) and 2022 ($223,978) without clear explanation in filings.
Strengths
The following positive indicators were identified for Rocket Boosters:
- Consistent reporting of 0% officer compensation, indicating high dedication of resources to mission.
- Strong asset growth, reaching $117,057 in 2023, and consistent reporting of zero liabilities.
- Long history of regulatory compliance with 13 IRS 990 filings.
- Significant increase in revenue and operational scale from 2021 to 2022, demonstrating growth capacity.
Frequently Asked Questions about Rocket Boosters
Is Rocket Boosters a legitimate charity?
Based on AI analysis of IRS 990 filings, Rocket Boosters (EIN: 205330773) some concerns. Mission Score: 85/100. 3 red flags identified, 4 strengths noted.
How does Rocket Boosters spend its money?
Rocket Boosters directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Rocket Boosters tax-deductible?
Rocket Boosters is registered as a tax-exempt nonprofit (EIN: 205330773). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Rocket Boosters CEO make?
Rocket Boosters's highest-compensated officer earns $200,000 annually. The organization reported $222K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Rocket Boosters's spending goes to programs?
Rocket Boosters directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Rocket Boosters compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Rocket Boosters is above average for NTEE category T11 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Rocket Boosters located?
Rocket Boosters is headquartered in Rockford, Minnesota and files with the IRS under EIN 205330773. It is classified under NTEE code T11.
How many years of IRS 990 filings does Rocket Boosters have?
Rocket Boosters has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $222K in total revenue.
Is Rocket Boosters a good charity?
Rocket Boosters exhibits several characteristics of a good charity, including strong asset growth, consistent regulatory compliance with 13 filings, and a notable absence of reported officer compensation, suggesting a high dedication of resources to its mission. However, the deficit in 2023 where expenses ($240,451) exceeded revenue ($221,768) and the lack of detailed expense breakdowns on the 990-EZ make a definitive 'good' assessment challenging without further information on program impact and specific spending allocations.
Why did Rocket Boosters' revenue jump from $20,402 in 2021 to $223,978 in 2022?
The IRS 990 data does not provide specific reasons for this dramatic increase. It suggests a significant expansion of operations, a highly successful fundraising campaign, or a new major grant/funding source acquired between these periods. Further investigation into their annual reports or public statements would be needed to understand this change.
How does Rocket Boosters manage to operate without officer compensation?
The consistent reporting of 0% officer compensation implies that the organization's leadership is either entirely volunteer-driven, or any compensation provided to individuals in leadership roles is not classified as 'officer compensation' on the 990-EZ form. This is a significant factor in their financial model, potentially allowing more funds to be directed to programs.
What caused the deficit in 2023?
In 2023, Rocket Boosters reported expenses of $240,451 against revenues of $221,768, resulting in a deficit. The specific causes are not detailed in the summary data, but it could be due to increased program costs, administrative overhead, or a temporary dip in fundraising relative to planned expenditures. This follows a year (2022) where they had a significant surplus.
Filing History
IRS 990 filing history for Rocket Boosters showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Rocket Boosters's revenue has grown by 2151.9%, moving from $10K to $222K. Total assets increased by 568.8% over the same period, from $18K to $117K. Total functional expenses rose by 1060.2%, from $21K to $240K. In its most recent filing year (2023), Rocket Boosters reported a deficit of $19K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $222K | $240K | $117K | $0 | — | — |
| 2022 | $224K | $162K | $136K | $0 | — | View 990 |
| 2021 | $20K | $8K | $74K | $0 | — | — |
| 2020 | $23K | $22K | $61K | $0 | — | View 990 |
| 2019 | $50K | $34K | $60K | $0 | — | View 990 |
| 2018 | $39K | $39K | $45K | $0 | — | View 990 |
| 2017 | $39K | $42K | $45K | $0 | — | View 990 |
| 2016 | $31K | $22K | $48K | $0 | — | View 990 |
| 2015 | $30K | $30K | $40K | $0 | — | View 990 |
| 2014 | $26K | $15K | $40K | $0 | — | View 990 |
| 2013 | $25K | $13K | $29K | $0 | — | View 990 |
| 2012 | $25K | $25K | $18K | $0 | — | View 990 |
| 2011 | $10K | $21K | $18K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $222K, expenses of $240K, and assets of $117K (revenue -1.0% year-over-year).
- 2022: Revenue of $224K, expenses of $162K, and assets of $136K (revenue +997.8% year-over-year).
- 2021: Revenue of $20K, expenses of $8K, and assets of $74K (revenue -12.2% year-over-year).
- 2020: Revenue of $23K, expenses of $22K, and assets of $61K (revenue -53.2% year-over-year).
- 2019: Revenue of $50K, expenses of $34K, and assets of $60K (revenue +28.6% year-over-year).
- 2018: Revenue of $39K, expenses of $39K, and assets of $45K (revenue -0.6% year-over-year).
- 2017: Revenue of $39K, expenses of $42K, and assets of $45K (revenue +27.0% year-over-year).
- 2016: Revenue of $31K, expenses of $22K, and assets of $48K (revenue +0.8% year-over-year).
- 2015: Revenue of $30K, expenses of $30K, and assets of $40K (revenue +16.8% year-over-year).
- 2014: Revenue of $26K, expenses of $15K, and assets of $40K (revenue +3.6% year-over-year).
- 2013: Revenue of $25K, expenses of $13K, and assets of $29K (revenue +0.1% year-over-year).
- 2012: Revenue of $25K, expenses of $25K, and assets of $18K (revenue +154.8% year-over-year).
- 2011: Revenue of $10K, expenses of $21K, and assets of $18K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Rocket Boosters:
Data Sources and Methodology
This transparency report for Rocket Boosters is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.