Rochester Area Community Foundation Depository Inc

Analysis

Rochester Area Community Foundation Depository Inc is a registered charity in United States, based in Rochester, NY. It received its IRS tax-exemption ruling in July 1991, 35 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 March 2023, Rochester Area Community Foundation Depository Inc reported income of $3.1m and spending of $3.5m, spending 111% of what it took in. Across the 4 years on record, from March 2020 to March 2023, income grew from $3.0m to $3.1m (+6.0%), an average of +2.0% a year. The sharpest change came in the year to March 2023, when income dropped by 28%. Over the whole period it spent 122% 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 Community Foundation Depository Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 86th percentile within NY. Charities of a similar size with the same main cause include Our Military Kids Inc ($3.1m), Rodman for Kids Inc ($3.1m) and Scientific Technology and Language Institute ($3.1m).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 98% of the total. At year end it held assets of $5.8m against liabilities of $754, net assets of $5.8m.