Rochester Land Bank Corporation

Analysis

Rochester Land Bank Corporation is a registered charity in United States, based in Rochester, NY. It received its IRS tax-exemption ruling in June 2015, 11 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 2024, Rochester Land Bank Corporation reported income of $523k and spending of $275k, leaving 48% of income unspent that year. Across the 6 years on record, from June 2019 to June 2024, income fell from $1.6m to $523k (-68%), an average of -20% a year. The sharpest change came in the year to June 2020, when income dropped by 59%. Over the whole period it spent 89% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Rochester Land Bank Corporation sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 67th percentile within NY. Charities of a similar size with the same main cause include Restore SGF ($523k), Spokane County Sheriff Community ($524k) and Business Initiative Corporation of New York ($523k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 38% of the total. Other salaries and wages came to $117k. At year end it held assets of $2.2m against liabilities of $835k, net assets of $1.4m.