Rochester Scholarship Association

Analysis

Rochester Scholarship Association is a registered charity in United States, based in Rochester, WA. It received its IRS tax-exemption ruling in April 1966, 60 years ago. 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 Scholarship Association reported income of $79k and spending of $65k, spending 82% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $46k to $79k (+69%), an average of +14% a year. The sharpest change came in the year to December 2022, when income rose by 582%. Over the whole period it spent 48% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Rochester Scholarship Association sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 31st percentile, and in the 26th percentile within WA. Charities of a similar size with the same main cause include The Unicorn Fund Inc ($79k), Pittsburgh Psychoanalytic Institute ($79k) and Delaware Arts Festival Association Inc Kristin G Jones ($79k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 30% of the total. At year end it held assets of $1.2m against liabilities of $0, net assets of $1.2m.