Community Foundation of Greater Rochester

Analysis

Community Foundation of Greater Rochester is a registered charity in United States, based in Rochester, MI. It received its IRS tax-exemption ruling in October 1983, 43 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 December 2023, Community Foundation of Greater Rochester reported income of $2.4m and spending of $2.1m, spending 86% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $2.9m to $2.4m (-18%), an average of -4.9% a year. The sharpest change came in the year to December 2021, when income rose by 43%. Over the whole period it spent 77% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Community Foundation of Greater Rochester sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 88th percentile within MI. Charities of a similar size with the same main cause include Winona Community Foundation Inc ($2.4m), California Association of Non Profits ($2.4m) and Andrew Squire Testamentary TR ($2.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 52% of the total. Compensation of current officers, directors and key employees was $90k (4.4% of expenses). Other salaries and wages came to $33k. At year end it held assets of $14.4m against liabilities of $69k, net assets of $14.3m. It reported 2 employees.