Greater Rochester Arts and Cultural Trust

Analysis

Greater Rochester Arts and Cultural Trust is a registered charity in United States, based in Rochester, MN. It received its IRS tax-exemption ruling in March 2007, 19 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Greater Rochester Arts and Cultural Trust reported income of $95k and spending of $126k, spending 132% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $180k to $95k (-47%), an average of -15% a year. The sharpest change came in the year to December 2022, when income rose by 215%. Over the whole period it spent 88% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Greater Rochester Arts and Cultural Trust sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 33rd percentile within MN. Charities of a similar size with the same main cause include Springboro Community Theatre Inc ($95k), Kachin Alliance ($95k) and Ukrainian Cultural Club of Dallas ($95k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $28k (22% of expenses). At year end it held assets of $112k against liabilities of $0, net assets of $112k. It reported 1 employees.