Rochester Area Community Foundation Initiatives Inc

Analysis

Rochester Area Community Foundation Initiatives Inc is a registered charity in United States, based in Rochester, NY. It received its IRS tax-exemption ruling in June 2002, 24 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 Initiatives Inc reported income of $1.9m and spending of $1.8m, spending 92% of its income. Across the 4 years on record, from March 2020 to March 2023, income fell from $2.9m to $1.9m (-33%), an average of -12% a year. The sharpest change came in the year to March 2022, when income dropped by 44%. Over the whole period it spent 96% 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 Initiatives Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 82nd percentile within NY. Charities of a similar size with the same main cause include International Lifeline Fund ($1.9m), Light Foundation ($1.9m) and Heartland United Way Inc ($1.9m).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 98% of the total. Other salaries and wages came to $377k. At year end it held assets of $1.8m against liabilities of $212k, net assets of $1.5m. It reported 15 employees.