Rochester Sports Foundation

Analysis

Rochester Sports Foundation is a registered charity in United States, based in Rochester, MN. It received its IRS tax-exemption ruling in January 2020, 6 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Rochester Sports Foundation reported income of $98k and spending of $75k, leaving 24% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $34k to $98k (+192%), an average of +192% a year. The sharpest change came in the year to December 2023, when income rose by 192%. Over the whole period it spent 113% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Rochester Sports Foundation sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 34th percentile within MN. Charities of a similar size with the same main cause include Jamesriver Figure Skating Club Inc ($98k), Fulcrum Community Resources ($98k) and Diamond Girls Softball Association ($98k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 93% of the total. At year end it held assets of $174k against liabilities of $1,590, net assets of $172k.