Rocky Mount Charter School Inc
EIN: 311601003 · Rocky Mount, NC · NTEE: B240
Is Rocky Mount Charter School Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Rocky Mount Charter School Inc
Rocky Mount Charter School Inc (EIN: 311601003) is a nonprofit organization based in Rocky Mount, NC, classified under NTEE code B240. The organization reported total revenue of $10.8M and total assets of $6.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Rocky Mount Charter School Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Rocky Mount Charter School Inc is a large nonprofit that has been operating for 28 years, with 12 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 2.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $11.6M |
| Total Expenses | $12.1M |
| Surplus / Deficit | $-466,019 |
| Total Assets | $7.4M |
| Total Liabilities | $3.1M |
| Net Assets | $4.3M |
| Operating Margin | -4.0% |
| Debt-to-Asset Ratio | 41.7% |
| Months of Reserves | 7.4 months |
Financial Health Grade: B
In 2023, Rocky Mount Charter School Inc reported a deficit of $466K with expenses exceeding revenue, holds 7.4 months of operating reserves (strong position), has a debt-to-asset ratio of 41.7% (moderate leverage).
Financial Trends
Over 12 years of filings (2011–2023), Rocky Mount Charter School Inc's revenue has grown at a compound annual growth rate (CAGR) of 2.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +4.7% | +3.2% | -11.9% |
| 2022 | +11.5% | +24.9% | -9.9% |
| 2021 | +1.8% | -3.4% | +3.2% |
| 2020 | -9.2% | -4.4% | +0.1% |
| 2019 | +10.0% | +3.6% | +3.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 1998 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Rocky Mount Charter School 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 Rocky Mount Charter School 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 deficit of $466K, with expenses exceeding revenue.
- Debt-to-asset ratio: 41.7%.
Frequently Asked Questions about Rocky Mount Charter School Inc
Is Rocky Mount Charter School Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Rocky Mount Charter School Inc (EIN: 311601003) insufficient data. 0 red flags identified, 0 strengths noted.
How does Rocky Mount Charter School Inc spend its money?
Detailed spending breakdown data is not yet available for Rocky Mount Charter School Inc. Check back for updated IRS 990 analysis.
Are donations to Rocky Mount Charter School Inc tax-deductible?
Rocky Mount Charter School Inc is registered as a tax-exempt nonprofit (EIN: 311601003). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Filing History
IRS 990 filing history for Rocky Mount Charter School Inc showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2023), Rocky Mount Charter School Inc's revenue has grown by 35.5%, moving from $8.6M to $11.6M. Total assets decreased by 16.2% over the same period, from $8.9M to $7.4M. Total functional expenses rose by 52.3%, from $7.9M to $12.1M. In its most recent filing year (2023), Rocky Mount Charter School Inc reported a deficit of $466K, with expenses exceeding revenue. The organization holds $3.1M in liabilities against $7.4M in assets (debt-to-asset ratio: 41.7%), resulting in net assets of $4.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $11.6M | $12.1M | $7.4M | $3.1M | — | View 990 |
| 2022 | $11.1M | $11.7M | $8.4M | $3.3M | — | View 990 |
| 2021 | $9.9M | $9.3M | $9.4M | $3.7M | — | View 990 |
| 2020 | $9.7M | $9.7M | $9.1M | $3.9M | — | View 990 |
| 2019 | $10.7M | $10.1M | $9.1M | $4.0M | — | View 990 |
| 2017 | $9.8M | $9.8M | $8.8M | $4.7M | — | View 990 |
| 2016 | $9.9M | $10.0M | $9.2M | $5.4M | — | View 990 |
| 2015 | $9.7M | $9.1M | $9.6M | $5.6M | — | View 990 |
| 2014 | $9.3M | $9.0M | $9.7M | $6.4M | — | View 990 |
| 2013 | $8.7M | $8.4M | $10.0M | $7.0M | — | View 990 |
| 2012 | $8.2M | $7.9M | $8.9M | $6.0M | — | View 990 |
| 2011 | $8.6M | $7.9M | $8.9M | $6.2M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $11.6M, expenses of $12.1M, and assets of $7.4M (revenue +4.7% year-over-year).
- 2022: Revenue of $11.1M, expenses of $11.7M, and assets of $8.4M (revenue +11.5% year-over-year).
- 2021: Revenue of $9.9M, expenses of $9.3M, and assets of $9.4M (revenue +1.8% year-over-year).
- 2020: Revenue of $9.7M, expenses of $9.7M, and assets of $9.1M (revenue -9.2% year-over-year).
- 2019: Revenue of $10.7M, expenses of $10.1M, and assets of $9.1M (revenue +10.0% year-over-year).
- 2017: Revenue of $9.8M, expenses of $9.8M, and assets of $8.8M (revenue -1.3% year-over-year).
- 2016: Revenue of $9.9M, expenses of $10.0M, and assets of $9.2M (revenue +1.6% year-over-year).
- 2015: Revenue of $9.7M, expenses of $9.1M, and assets of $9.6M (revenue +5.0% year-over-year).
- 2014: Revenue of $9.3M, expenses of $9.0M, and assets of $9.7M (revenue +7.0% year-over-year).
- 2013: Revenue of $8.7M, expenses of $8.4M, and assets of $10.0M (revenue +6.3% year-over-year).
- 2012: Revenue of $8.2M, expenses of $7.9M, and assets of $8.9M (revenue -4.7% year-over-year).
- 2011: Revenue of $8.6M, expenses of $7.9M, and assets of $8.9M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Rocky Mount Charter School Inc:
Data Sources and Methodology
This transparency report for Rocky Mount Charter School 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.