Is Friends Of The Rochester Publicmarket Inc Legit?
Quick charity verification for Friends Of The Rochester Publicmarket Inc (EIN: 204762946)
Verdict: Friends Of The Rochester Publicmarket Inc appears trustworthy
92/100Mission Score
$3.0MRevenue
$467KAssets
2Red Flags
4Strengths
Red Flags
Consistent near break-even operations may limit capacity for significant reserve building or large-scale new initiatives without external funding.
Modest asset base relative to annual revenue ($242,962 assets vs. $2,022,303 revenue in 202312) could indicate limited financial cushion.
Strengths
Consistent reporting of 0% officer compensation demonstrates strong commitment to mission and transparency.
Expenses consistently track revenues, indicating responsible financial management and budgeting.
Significant revenue growth from $998,142 in 202012 to $2,022,303 in 202312 suggests increasing support and impact.
Low liabilities relative to assets (e.g., $39,720 liabilities vs. $242,962 assets in 202312) indicates good financial health.
Spending Breakdown
How Friends Of The Rochester Publicmarket Inc allocates its funds across programs, administration, and fundraising.
90%
Program Spending
Healthy — majority goes to mission
7%
Admin Costs
Reasonable — admin costs in check
3%
Fundraising
Within typical range
How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.
How to Interpret This Report
What Red Flags Mean
Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.
What Mission Score Measures
The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.
Using This Data for Donation Decisions
Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.
Frequently Asked Questions about Friends Of The Rochester Publicmarket Inc
Is Friends Of The Rochester Publicmarket Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Friends Of The Rochester Publicmarket Inc (EIN: 204762946) appears trustworthy. Mission Score: 92/100. 2 red flags identified, 4 strengths noted.
Is Friends Of The Rochester Publicmarket Inc a good charity to donate to?
Friends Of The Rochester Publicmarket Inc has a Mission Score of 92/100. Revenue: $3.0M. Assets: $467K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Friends Of The Rochester Publicmarket Inc?
The Employer Identification Number (EIN) for Friends Of The Rochester Publicmarket Inc is 204762946. This is the unique tax ID assigned by the IRS.
What is a Mission Score?
The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.
How does Friends Of The Rochester Publicmarket Inc spend its money?
Friends Of The Rochester Publicmarket Inc allocates 90% to programs, 7% to administration, and 3% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Friends Of The Rochester Publicmarket Inc's tax-exempt status?
You can verify Friends Of The Rochester Publicmarket Inc's tax-exempt status using EIN 204762946 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.
AI Transparency Report
Friends Of The Rochester Publicmarket Inc demonstrates consistent financial activity, with revenues and expenses generally tracking closely over the past decade. In the latest period (202312), the organization reported revenues of $2,022,303 against expenses of $2,023,735, indicating a near break-even operation. This trend of expenses closely matching revenues is observed across multiple years, suggesting careful budgeting and resource allocation. The organization's assets have fluctuated but remain relatively modest compared to its annual revenue, with $242,962 in assets in 202312. The consistent reporting of 0% officer compensation across all available filings is a significant indicator of transparency and a commitment to directing funds towards its mission rather than executive salaries. This practice enhances public trust and suggests a volunteer-driven or very lean administrative structure at the top.