RCN Foundation Inc

Analysis

RCN Foundation Inc is a registered charity in United States, based in Rochester, NY. It received its IRS tax-exemption ruling in August 1991, 35 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 June 2023, RCN Foundation Inc reported income of $217k and spending of $286k, spending 132% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $295k to $217k (-27%), an average of -7.4% a year. The sharpest change came in the year to June 2023, when income dropped by 23%. Over the whole period it spent 102% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, RCN Foundation Inc sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 53rd percentile within NY. Charities of a similar size with the same main cause include Special Residential Opportunties Inc ($217k), Child Resilience Alliance Inc ($217k) and Bargain World Thrift Store ($217k).

At year end it held assets of $2.0m against liabilities of $467k, net assets of $1.6m.