Friends of the Rochester Publicmarket Inc

Analysis

Friends of the Rochester Publicmarket Inc is a registered charity in United States, based in Rochester, NY. It received its IRS tax-exemption ruling in October 2007, 19 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable 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, Friends of the Rochester Publicmarket Inc reported income of $2.0m and spending of $2.0m, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.1m to $2.0m (+83%), an average of +16% a year. The sharpest change came in the year to December 2023, when income rose by 47%. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Friends of the Rochester Publicmarket Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 83rd percentile within NY. Charities of a similar size with the same main cause include Conservative Mennonite Financial ($2.0m), Christian Care Manor II Inc ($2.0m) and Challenge Unlimited Inc ($2.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.1% and program service revenue 100% of the total. At year end it held assets of $243k against liabilities of $40k, net assets of $203k.