Rochester Art Center

Analysis

Rochester Art Center is a registered charity in United States, based in Rochester, MN. It received its IRS tax-exemption ruling in December 1947, 79 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 June 2023, Rochester Art Center reported income of $660k and spending of $809k, spending 123% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $359k to $660k (+84%), an average of +16% a year. The sharpest change came in the year to June 2020, when income rose by 66%. Over the whole period it spent 116% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Rochester Art Center sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 73rd percentile within MN. Charities of a similar size with the same main cause include Radio Catskill ($660k), Le Sault de Saint Marie Historical Sites Inc ($660k) and The Black Tavern Historical Society of Dudley Inc ($660k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 76% and program service revenue 13% of the total. Compensation of current officers, directors and key employees was $67k (8.3% of expenses). Other salaries and wages came to $249k. At year end it held assets of $5.5m against liabilities of $33k, net assets of $5.4m. It reported 9 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.