ROCKETSHIP EDUCATION
2001 GATEWAY PL STE 230E, SAN JOSE, CA · IRS data through FY2025
Revenue, expenses and net assets
Revenue Expenses Net assets
| Tax year | Revenue | Expenses | Net assets |
|---|---|---|---|
| FY2025 | $178,105,036 | $176,060,565 | $85,476,479 |
| FY2024 | $187,005,475 | $171,816,807 | $83,432,008 |
| FY2023 | $173,897,710 | $158,613,754 | $68,243,340 |
| FY2022 | $138,926,108 | $136,945,189 | $52,959,384 |
| FY2021 | $120,667,231 | $108,334,421 | $50,978,465 |
| FY2020 | $111,342,099 | $107,974,937 | $38,731,151 |
| FY2019 | $109,048,247 | $102,701,005 | $35,363,989 |
| FY2018 | $98,757,579 | $94,370,438 | $29,016,747 |
| FY2017 | $91,449,291 | $87,624,693 | $24,629,606 |
| FY2016 | $82,957,671 | $76,195,779 | $20,605,486 |
| FY2015 | $63,358,795 | $63,415,729 | $13,968,882 |
| FY2014 | $51,673,472 | $52,834,999 | $14,146,560 |
| FY2013 | $16,657,831 | $15,306,211 | $10,900,798 |
| FY2012 | $13,092,650 | $10,562,837 | $9,017,735 |
Where the revenue came from
| Source | Amount | % of revenue |
|---|---|---|
| Contributions & grants | $169,609,170 | 100% |
| Program service revenue | $0 | 0% |
Where the money was spent
| Category | Amount | % of expenses |
|---|---|---|
| Program services | $149,056,290 | 85% |
| Management & general | $26,490,392 | 15% |
| Fundraising | $513,883 | 0% |
What the numbers show
- Contributions & grants made up 100% of total revenue in FY2025.
- Program services accounted for 85% of functional expenses, management & general 15%, and fundraising 0%.
- 85% of functional expenses went to program services in FY2025. That is higher than 54.4% of 581 Education organizations in CA.
- Net assets covered about 5.8 months of expenses at the end of the reporting year. That puts it in the 30th percentile among 7211 Education organizations in CA.
- Total revenue was higher than 99.6% of 7388 Education organizations in CA.
- Total revenue rose from $13,092,650 in FY2012 to $178,105,036 in FY2025, Revenue increased in 12 and decreased in 1 of 13 year-over-year comparisons.
- Expenses exceeded revenue in 2 of 14 reported years (FY2014, FY2015).
- The highest revenue on record here is $187,005,475 in FY2024.
- Net assets grew from $9,017,735 to $85,476,479 between FY2012 and FY2025.
- Contributions and grants made up 79% of revenue in FY2012 and 95% in FY2025.
- Donations are generally tax-deductible (public charity).
Figures compared against other organizations of the same NTEE program area in the same state. See the methodology page for how these are calculated and the guide to reading nonprofit financials for their limits.
About this organization
ROCKETSHIP EDUCATION IS A NATIONAL NON-PROFIT NETWORK OF PUBLIC ELEMENTARY CHARTER SCHOOLS SERVING LOW-INCOME COMMUNITIES WITH LIMITED ACCESS TO EXCELLENT SCHOOLS.
IRS status
| Ruling year | 2006 |
| Subsection | 501(c)(3) |
| Classification | Public charity |
| Program area (NTEE) | B29 — Education (in CA) |
| Donations | Donations are generally tax-deductible (public charity). |
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Source: Internal Revenue Service — Exempt Organizations Business Master File (downloaded September 20, 2026), Statistics of Income extracts, Form 990 e-file data, Publication 78 and the Automatic Revocation list. Figures are as reported by the organization; IRS processing may adjust them. This is not a charity rating and not tax advice. Confirm deductibility in IRS Tax Exempt Organization Search.
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