Rochester Area Community Foundation

Analysis

Rochester Area Community Foundation is a registered charity in United States, based in Rochester, NY. It received its IRS tax-exemption ruling in September 1972, 54 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 reported income of $42.8m and spending of $33.5m, leaving 22% of income unspent that year. Across the 4 years on record, from March 2020 to March 2023, income grew from $38.0m to $42.8m (+13%), an average of +4.1% a year. The sharpest change came in the year to March 2021, when income rose by 57%. Over the whole period it spent 57% 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 sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within NY. Charities of a similar size with the same main cause include United Way of Northeast Florida Inc ($42.4m), Nebraska Children and Families Foundation ($42.9m) and Rose Community Foundation ($42.2m).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 40% of the total. Compensation of current officers, directors and key employees was $841k (2.5% of expenses). Other salaries and wages came to $2.3m. At year end it held assets of $444.1m against liabilities of $1.9m, net assets of $442.2m. It reported 41 employees.