Rochester Riverside Convention Ctr

Analysis

Rochester Riverside Convention Ctr is a registered charity in United States, based in Rochester, NY. It received its IRS tax-exemption ruling in September 1987, 39 years ago. 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 June 2024, Rochester Riverside Convention Ctr reported income of $10.0m and spending of $10.0m, spending 100% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $8.4m to $10.0m (+19%), an average of +4.5% a year. The sharpest change came in the year to June 2022, when income rose by 78%. Over the whole period it spent 95% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Rochester Riverside Convention Ctr sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 93rd percentile within NY. Charities of a similar size with the same main cause include Hudsonville Christian School ($10.0m), Canterbury Towers Inc ($10.0m) and Horizon Homes Inc ($10.0m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 15% and program service revenue 84% of the total. Compensation of current officers, directors and key employees was $497k (5.0% of expenses). Other salaries and wages came to $3.7m. At year end it held assets of $2.6m against liabilities of $2.6m, net assets of $34k. It reported 329 employees.