Rochester Management Inc

Analysis

Rochester Management Inc is a registered charity in United States, based in Rochester, NY. It received its IRS tax-exemption ruling in March 1999, 27 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 August 2023, Rochester Management Inc reported income of $11.9m and spending of $12.4m, spending 104% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $8.2m to $11.9m (+45%), an average of +9.7% a year. The sharpest change came in the year to August 2021, when income rose by 24%. Over the whole period it spent 97% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Rochester Management 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 94th percentile within NY. Charities of a similar size with the same main cause include Loveland Elder Green House Homes for Life Enrichment a Colorado Non ($11.9m), Associated Blind Housing Development Fund Inc ($11.9m) and Englewood Community Development Corporation ($11.8m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 4.2% and program service revenue 91% of the total. Compensation of current officers, directors and key employees was $411k (3.3% of expenses). Other salaries and wages came to $7.8m. At year end it held assets of $15.1m against liabilities of $1.3m, net assets of $13.8m. It reported 238 employees.