Rochester Prep Foundation Inc

Analysis

Rochester Prep Foundation Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in May 2017, 9 years ago. Its declared purposes cover education, which this site groups under education and training. 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 Prep Foundation Inc reported income of $2.4m and spending of $2.9m, spending 121% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $3.3m to $2.4m (-28%), an average of -7.8% a year. The sharpest change came in the year to June 2021, when income rose by 400%. Over the whole period it spent 68% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Rochester Prep Foundation Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 84th percentile within NY. Charities of a similar size with the same main cause include Ub Oral & Maxillofacial Surgery Inc ($2.4m), Union Square Campus Inc ($2.4m) and Iwu Accelerator ($2.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 4.6% and program service revenue 91% of the total. At year end it held assets of $40.6m against liabilities of $33.1m, net assets of $7.5m.