Rockit Live Foundation Inc
EIN: 473710988 · Middletown, NJ · NTEE: A61
| Metric | Value |
|---|---|
| Total Revenue | $296K |
| Total Expenses | $258K |
| Net Assets | $40K |
Is Rockit Live Foundation Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Rockit Live Foundation Inc
Rockit Live Foundation Inc (EIN: 473710988) is a nonprofit organization based in Middletown, NJ, classified under NTEE code A61. The organization reported total revenue of $296K and total assets of $52K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Rockit Live Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Rockit Live Foundation Inc is a small nonprofit that has been operating for 11 years, with 9 years of IRS 990 filings on record (2015–2023). Revenue has grown at a compound annual rate of 22.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $299K |
| Total Expenses | $258K |
| Surplus / Deficit | +$41K |
| Total Assets | $43K |
| Total Liabilities | $3K |
| Net Assets | $40K |
| Operating Margin | 13.7% |
| Debt-to-Asset Ratio | 7.2% |
| Months of Reserves | 2.0 months |
Financial Health Grade: A
In 2023, Rockit Live Foundation Inc reported a surplus of $41K with revenue exceeding expenses, holds 2.0 months of operating reserves (limited), has a debt-to-asset ratio of 7.2% (very low leverage).
Financial Trends
Over 9 years of filings (2015–2023), Rockit Live Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 22.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +15.0% | -4.9% | +1965.2% |
| 2022 | +11.1% | +8.7% | -82.0% |
| 2021 | +5.8% | +12.0% | -56.4% |
| 2020 | -14.4% | -18.7% | -27.1% |
| 2019 | -16.4% | -4.3% | -19.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2015 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Rockit Live Foundation Inc has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Rockit Live Foundation Inc with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $41K, with revenue exceeding expenses.
- Debt-to-asset ratio: 7.2%.
Frequently Asked Questions about Rockit Live Foundation Inc
Is Rockit Live Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Rockit Live Foundation Inc (EIN: 473710988) insufficient data. 0 red flags identified, 0 strengths noted.
How does Rockit Live Foundation Inc spend its money?
Detailed spending breakdown data is not yet available for Rockit Live Foundation Inc. Check back for updated IRS 990 analysis.
Are donations to Rockit Live Foundation Inc tax-deductible?
Rockit Live Foundation Inc is registered as a tax-exempt nonprofit (EIN: 473710988). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Rockit Live Foundation Inc located?
Rockit Live Foundation Inc is headquartered in Middletown, New Jersey and files with the IRS under EIN 473710988. It is classified under NTEE code A61.
How many years of IRS 990 filings does Rockit Live Foundation Inc have?
Rockit Live Foundation Inc has 9 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 $296K in total revenue.
Filing History
IRS 990 filing history for Rockit Live Foundation Inc showing financial trends over 9 years of public records:
Over 9 years of IRS 990 filings (2015–2023), Rockit Live Foundation Inc's revenue has grown by 414.5%, moving from $58K to $299K. Total assets increased by 613.9% over the same period, from $6K to $43K. Total functional expenses rose by 395.5%, from $52K to $258K. In its most recent filing year (2023), Rockit Live Foundation Inc reported a surplus of $41K, with revenue exceeding expenses. The organization holds $3K in liabilities against $43K in assets (debt-to-asset ratio: 7.2%), resulting in net assets of $40K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $299K | $258K | $43K | $3K | — | — |
| 2022 | $260K | $272K | $2K | $3K | — | View 990 |
| 2021 | $234K | $250K | $12K | $1K | — | View 990 |
| 2020 | $221K | $223K | $27K | $241 | — | — |
| 2019 | $259K | $274K | $36K | $8K | — | View 990 |
| 2018 | $309K | $287K | $45K | $2K | — | View 990 |
| 2017 | $240K | $257K | $23K | $2K | — | View 990 |
| 2016 | $246K | $212K | $40K | $0 | — | View 990 |
| 2015 | $58K | $52K | $6K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $299K, expenses of $258K, and assets of $43K (revenue +15.0% year-over-year).
- 2022: Revenue of $260K, expenses of $272K, and assets of $2K (revenue +11.1% year-over-year).
- 2021: Revenue of $234K, expenses of $250K, and assets of $12K (revenue +5.8% year-over-year).
- 2020: Revenue of $221K, expenses of $223K, and assets of $27K (revenue -14.4% year-over-year).
- 2019: Revenue of $259K, expenses of $274K, and assets of $36K (revenue -16.4% year-over-year).
- 2018: Revenue of $309K, expenses of $287K, and assets of $45K (revenue +28.7% year-over-year).
- 2017: Revenue of $240K, expenses of $257K, and assets of $23K (revenue -2.3% year-over-year).
- 2016: Revenue of $246K, expenses of $212K, and assets of $40K (revenue +322.8% year-over-year).
- 2015: Revenue of $58K, expenses of $52K, and assets of $6K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Rockit Live Foundation Inc:
Data Sources and Methodology
This transparency report for Rockit Live Foundation Inc 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.