Friends And Foundation Of The Rochester Public Library
Rochester Public Library Foundation shows strong asset growth and no executive compensation.
EIN: 161347453 · Rochester, NY · NTEE: B71I · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $5.0M |
| Total Expenses | $1.9M |
| Program Spending | 90% |
| CEO/Top Officer Pay | $30 |
| Net Assets | $30.0M |
| Transparency Score | 95/100 |
Is Friends And Foundation Of The Rochester Public Library Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Friends And Foundation Of The Rochester Public Library directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Friends And Foundation Of The Rochester Public Library
Friends And Foundation Of The Rochester Public Library (EIN: 161347453) is a nonprofit organization based in Rochester, NY, classified under NTEE code B71I. The organization reported total revenue of $5.0M and total assets of $32.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Friends And Foundation Of The Rochester Public Library's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Friends And Foundation Of The Rochester Public Library is a mid-size nonprofit that has been operating for 37 years, with 13 years of IRS 990 filings on record (2012–2024). Revenue has grown at a compound annual rate of 6.2%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $3.1M |
| Total Expenses | $1.9M |
| Surplus / Deficit | +$1.2M |
| Total Assets | $30.2M |
| Total Liabilities | $202K |
| Net Assets | $30.0M |
| Operating Margin | 37.4% |
| Debt-to-Asset Ratio | 0.7% |
| Months of Reserves | 185.8 months |
Financial Health Grade: A
In 2024, Friends And Foundation Of The Rochester Public Library reported a surplus of $1.2M with revenue exceeding expenses, holds 185.8 months of operating reserves (strong position), has a debt-to-asset ratio of 0.7% (very low leverage).
Financial Trends
Over 13 years of filings (2012–2024), Friends And Foundation Of The Rochester Public Library's revenue has grown at a compound annual growth rate (CAGR) of 6.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | -9.5% | +29.7% | +11.1% |
| 2023 | -54.6% | +2.0% | +15.7% |
| 2022 | -13.1% | +24.2% | +11.3% |
| 2021 | +1187.8% | -9.9% | +89.4% |
| 2020 | -49.6% | -4.5% | -3.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1989 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Friends And Foundation Of The Rochester Public Library with a Mission Score of 95 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, Friends And Foundation Of The Rochester Public Library allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $1.2M, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.7%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers received compensation from the organization, which is highly commendable for a nonprofit of its size with assets exceeding $30 million.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Strengths
The following positive indicators were identified for Friends And Foundation Of The Rochester Public Library:
- Strong asset growth, increasing from $11.1M in 2020 to $30.1M in 2024.
- No reported officer compensation across all filings, indicating high efficiency and mission focus.
- Consistent control over expenses despite fluctuating revenues.
- Low liabilities relative to assets, suggesting financial stability (e.g., $202,385 liabilities vs. $30,168,170 assets in 2024).
- Significant revenue generation capacity, with several years exceeding $3M.
Frequently Asked Questions about Friends And Foundation Of The Rochester Public Library
Is Friends And Foundation Of The Rochester Public Library a legitimate charity?
Friends And Foundation Of The Rochester Public Library (EIN: 161347453) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 95/100. It has 13 years of IRS 990 filings on record. Total revenue: $5.0M. No red flags identified. 5 strengths noted. Financial health grade: A.
How does Friends And Foundation Of The Rochester Public Library spend its money?
Friends And Foundation Of The Rochester Public Library directs 90% of its spending to programs and services. Fundraising costs 3%. This exceeds the 65% industry benchmark.
Are donations to Friends And Foundation Of The Rochester Public Library tax-deductible?
Friends And Foundation Of The Rochester Public Library is registered as a tax-exempt nonprofit (EIN: 161347453). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Friends And Foundation Of The Rochester Public Library CEO make?
Friends And Foundation Of The Rochester Public Library's highest-compensated officer earns $30 annually. The organization reported $5.0M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Friends And Foundation Of The Rochester Public Library's spending goes to programs?
Friends And Foundation Of The Rochester Public Library directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Friends And Foundation Of The Rochester Public Library compare to similar nonprofits?
With a transparency score of 95/100 (Excellent), Friends And Foundation Of The Rochester Public Library is above average for NTEE category B71I nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Friends And Foundation Of The Rochester Public Library located?
Friends And Foundation Of The Rochester Public Library is headquartered in Rochester, New York and files with the IRS under EIN 161347453. It is classified under NTEE code B71I.
How many years of IRS 990 filings does Friends And Foundation Of The Rochester Public Library have?
Friends And Foundation Of The Rochester Public Library has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $5.0M in total revenue.
Is Friends And Foundation Of The Rochester Public Library a good charity?
Based on the financial data, the organization appears to be a very good charity. It demonstrates strong financial health with growing assets, controlled expenses, and a notable commitment to its mission by not paying executive compensation.
How has the organization's financial health changed over time?
The organization's financial health has significantly improved, with assets growing from $11,131,992 in 2020 to $30,168,170 in 2024. Revenue has been somewhat volatile, but expenses have remained relatively stable, indicating good financial management.
What is the trend in their revenue and expenses?
Revenue has shown significant fluctuations, peaking at $8,723,803 in 2021 and $7,577,927 in 2022, then moderating to $3,112,960 in 2024. Expenses have been more consistent, ranging from $1,186,401 to $1,948,790 over the last five years, suggesting efficient cost control despite revenue variability.
Filing History
IRS 990 filing history for Friends And Foundation Of The Rochester Public Library showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2012–2024), Friends And Foundation Of The Rochester Public Library's revenue has grown by 104.9%, moving from $1.5M to $3.1M. Total assets increased by 514.7% over the same period, from $4.9M to $30.2M. Total functional expenses rose by 168.3%, from $726K to $1.9M. In its most recent filing year (2024), Friends And Foundation Of The Rochester Public Library reported a surplus of $1.2M, with revenue exceeding expenses. The organization holds $202K in liabilities against $30.2M in assets (debt-to-asset ratio: 0.7%), resulting in net assets of $30.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $3.1M | $1.9M | $30.2M | $202K | — | View 990 |
| 2023 | $3.4M | $1.5M | $27.1M | $211K | — | — |
| 2022 | $7.6M | $1.5M | $23.5M | $202K | — | View 990 |
| 2021 | $8.7M | $1.2M | $21.1M | $241K | — | View 990 |
| 2020 | $677K | $1.3M | $11.1M | $259K | — | View 990 |
| 2019 | $1.3M | $1.4M | $11.6M | $177K | — | View 990 |
| 2018 | $1.6M | $1.2M | $11.4M | $186K | — | — |
| 2017 | $2.9M | $1.6M | $10.9M | $234K | — | View 990 |
| 2016 | $1.0M | $1.5M | $9.0M | $163K | — | View 990 |
| 2015 | $2.0M | $1.2M | $9.6M | $196K | — | View 990 |
| 2014 | $3.1M | $1.1M | $9.7M | $335K | — | View 990 |
| 2013 | $2.7M | $944K | $6.8M | $141K | — | View 990 |
| 2012 | $1.5M | $726K | $4.9M | $167K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $3.1M, expenses of $1.9M, and assets of $30.2M (revenue -9.5% year-over-year).
- 2023: Revenue of $3.4M, expenses of $1.5M, and assets of $27.1M (revenue -54.6% year-over-year).
- 2022: Revenue of $7.6M, expenses of $1.5M, and assets of $23.5M (revenue -13.1% year-over-year).
- 2021: Revenue of $8.7M, expenses of $1.2M, and assets of $21.1M (revenue +1187.8% year-over-year).
- 2020: Revenue of $677K, expenses of $1.3M, and assets of $11.1M (revenue -49.6% year-over-year).
- 2019: Revenue of $1.3M, expenses of $1.4M, and assets of $11.6M (revenue -17.3% year-over-year).
- 2018: Revenue of $1.6M, expenses of $1.2M, and assets of $11.4M (revenue -44.7% year-over-year).
- 2017: Revenue of $2.9M, expenses of $1.6M, and assets of $10.9M (revenue +184.3% year-over-year).
- 2016: Revenue of $1.0M, expenses of $1.5M, and assets of $9.0M (revenue -47.8% year-over-year).
- 2015: Revenue of $2.0M, expenses of $1.2M, and assets of $9.6M (revenue -36.5% year-over-year).
- 2014: Revenue of $3.1M, expenses of $1.1M, and assets of $9.7M (revenue +15.1% year-over-year).
- 2013: Revenue of $2.7M, expenses of $944K, and assets of $6.8M (revenue +78.2% year-over-year).
- 2012: Revenue of $1.5M, expenses of $726K, and assets of $4.9M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Friends And Foundation Of The Rochester Public Library:
Data Sources and Methodology
This transparency report for Friends And Foundation Of The Rochester Public Library is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.