Rome Community Foundation

Analysis

Rome Community Foundation is a registered charity in United States, based in Rome, NY. It received its IRS tax-exemption ruling in January 2000, 26 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 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 December 2023, Rome Community Foundation reported income of $818k and spending of $454k, leaving 45% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $514k to $818k (+59%), an average of +12% a year. The sharpest change came in the year to December 2021, when income rose by 1458%. Over the whole period it spent 58% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Rome Community Foundation sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 73rd percentile within NY. Charities of a similar size with the same main cause include Greenwood Pathway House Foundation Inc ($817k), Tell Every Amazing Lady About Ovarian Cancer Foundation ($818k) and Rooks County Healthcare Foundation ($816k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 54% of the total. At year end it held assets of $7.6m against liabilities of $10k, net assets of $7.6m.