Lifespan of Greater Rochester Development Fund Inc

Analysis

Lifespan of Greater Rochester Development Fund Inc is a registered charity in United States, based in Rochester, NY. It received its IRS tax-exemption ruling in June 1993, 33 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a supporting organisation 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 Development Fund Inc reported income of $112k and spending of $110k, spending 98% of its income. Across the 5 years on record, from March 2019 to March 2023, income grew from $48k to $112k (+133%), an average of +24% a year. The sharpest change came in the year to March 2021, when income rose by 1213%. Over the whole period it spent 18% 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 Development Fund Inc sits at the 35th percentile: it is larger than about 35% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 39th percentile within NY. Charities of a similar size with the same main cause include St Vincent de Paul Society-River Valley Conference ($112k), Central Avenue Center of Hope Inc ($112k) and Sunnyslope Ministries of Hope Inc ($111k).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 36% of the total. At year end it held assets of $1.7m against liabilities of $95k, net assets of $1.6m.