Lifespan of Greater Rochester Inc

Analysis

Lifespan of Greater Rochester Inc is a registered charity in United States, based in Rochester, NY. It received its IRS tax-exemption ruling in February 1972, 54 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending March 2023, Lifespan of Greater Rochester Inc reported income of $14.4m and spending of $14.7m, spending 102% of its income. Across the 5 years on record, from March 2019 to March 2023, income grew from $11.0m to $14.4m (+32%), an average of +7.1% a year. The sharpest change came in the year to March 2022, when income rose by 36%. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Lifespan of Greater Rochester Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 95th percentile within NY. Charities of a similar size with the same main cause include Missions United Inc ($14.4m), Father Flanagans Boys Home ($14.4m) and Cortland Acres Association Inc ($14.4m).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 94% and program service revenue 2.9% of the total. Compensation of current officers, directors and key employees was $367k (2.5% of expenses). Other salaries and wages came to $8.5m. At year end it held assets of $10.7m against liabilities of $3.5m, net assets of $7.2m. It reported 215 employees.