Rochester Area Foundation

Analysis

Rochester Area Foundation is a registered charity in United States, based in Rochester, NY. It received its IRS tax-exemption ruling in February 1998, 28 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Rochester Area Foundation reported income of $150k and spending of $147k, spending 98% of its income. Across the 4 years on record, from March 2020 to March 2023, income grew from $122k to $150k (+23%), an average of +7.0% a year. The sharpest change came in the year to March 2023, when income rose by 22%. Over the whole period it spent 104% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Rochester Area Foundation sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 45th percentile within NY. Charities of a similar size with the same main cause include 306 Foundation Inc ($150k), The Blue Card Foundation ($150k) and Independent Lubricant Manufacturers Association Foundation ($150k).

On its Form 990 for the period ending March 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $2.4m against liabilities of $1.0m, net assets of $1.4m.