Rochester Fringe Festival Inc

Analysis

Rochester Fringe Festival Inc is a registered charity in United States, based in Rochester, NY. It received its IRS tax-exemption ruling in December 2011, 15 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending October 2023, Rochester Fringe Festival Inc reported income of $1.2m and spending of $1.5m, spending 123% of what it took in. Across the 5 years on record, from October 2019 to October 2023, income fell from $1.3m to $1.2m (-8.0%), an average of -2.0% a year. The sharpest change came in the year to October 2021, when income rose by 217%. Over the whole period it spent 102% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Rochester Fringe Festival Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 78th percentile within NY. Charities of a similar size with the same main cause include St Louis Bandits Baseball Boosters LLC ($1.2m), One Heartland Inc ($1.2m) and Ballwin Athletic Association ($1.2m).

On its Form 990 for the period ending October 2023, revenue came from contributions and grants 59% and program service revenue 31% of the total. Compensation of current officers, directors and key employees was $82k (5.6% of expenses). Other salaries and wages came to $159k. At year end it held assets of $765k against liabilities of $599k, net assets of $167k. It reported 73 employees.