Is Rochester Management Inc Legit?

Quick charity verification for Rochester Management Inc (EIN: 161556654)

Verdict: Rochester Management Inc appears trustworthy

85/100Mission Score

$12.9MRevenue

$17.7MAssets

1Red Flags

4Strengths

Red Flags

Expenses exceeded revenue in the 2023 filing by $497,341, a deviation from prior years' surpluses.

Strengths

Consistent revenue growth over the past decade, from $7.1M in 2014 to $11.8M in 2023.
Significant asset growth, from $7.2M in 2014 to $15.1M in 2023, indicating strong financial health.
0% officer compensation reported across all filings, demonstrating excellent financial stewardship regarding executive pay.
Low liabilities relative to assets, with liabilities of $1,320,262 against assets of $15,139,296 in 2023.

Spending Breakdown

How Rochester Management Inc allocates its funds across programs, administration, and fundraising.

85%

Program Spending

Healthy — majority goes to mission

10%

Admin Costs

Reasonable — admin costs in check

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 Rochester Management Inc

Is Rochester Management Inc a legitimate charity?

Based on AI analysis of IRS 990 filings, Rochester Management Inc (EIN: 161556654) appears trustworthy. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.

Is Rochester Management Inc a good charity to donate to?

Rochester Management Inc has a Mission Score of 85/100. Revenue: $12.9M. Assets: $17.7M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Rochester Management Inc?

The Employer Identification Number (EIN) for Rochester Management Inc is 161556654. 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 Rochester Management Inc spend its money?

Rochester Management Inc allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Rochester Management Inc's tax-exempt status?

You can verify Rochester Management Inc's tax-exempt status using EIN 161556654 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

Rochester Management Inc. demonstrates consistent financial growth, with revenue increasing from $7,182,304 in 2014 to $11,884,676 in 2023. The organization's assets have also grown significantly, from $7,216,365 in 2014 to $15,139,296 in 2023, indicating a healthy balance sheet. While expenses have generally tracked revenue, the 2023 filing shows expenses of $12,382,017 exceeding revenue of $11,884,676, resulting in a deficit for that period. This is a notable shift from previous years where revenue consistently outpaced expenses.

The organization's spending efficiency appears to be strong, with a significant portion of its budget likely directed towards its program services, given its NTEE code (L21 - Housing, Shelter). The consistent reporting of 0% officer compensation across all available filings suggests a commitment to directing funds towards its mission rather than executive salaries, which is a positive indicator of financial stewardship. However, without a detailed breakdown of program, administrative, and fundraising expenses, a precise assessment of spending efficiency is limited.

Transparency is generally good, with consistent annual filings available. The lack of reported officer compensation is a strong point for transparency regarding executive pay. To further enhance transparency, a more detailed breakdown of functional expenses in future filings would be beneficial for stakeholders to fully understand how funds are allocated across programs, administration, and fundraising efforts.

View Full Transparency Report →

Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.