Friends Of The Rochester Publicmarket Inc
Friends Of The Rochester Publicmarket Inc consistently operates near break-even with no reported officer compensation.
EIN: 204762946 · Rochester, NY · NTEE: W199 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $3.0M |
| Total Expenses | $2.0M |
| Program Spending | 90% |
| Net Assets | $203K |
| Transparency Score | 92/100 |
Is Friends Of The Rochester Publicmarket Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Friends Of The Rochester Publicmarket Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Friends Of The Rochester Publicmarket Inc
Friends Of The Rochester Publicmarket Inc (EIN: 204762946) is a nonprofit organization based in Rochester, NY, classified under NTEE code W199. The organization reported total revenue of $3.0M and total assets of $467K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Friends Of The Rochester Publicmarket Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Friends Of The Rochester Publicmarket Inc is a mid-size nonprofit that has been operating for 19 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 11.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.0M |
| Total Expenses | $2.0M |
| Surplus / Deficit | $-1,432 |
| Total Assets | $243K |
| Total Liabilities | $40K |
| Net Assets | $203K |
| Operating Margin | -0.1% |
| Debt-to-Asset Ratio | 16.3% |
| Months of Reserves | 1.4 months |
Financial Health Grade: C
In 2023, Friends Of The Rochester Publicmarket Inc reported a deficit of $1K with expenses exceeding revenue, holds 1.4 months of operating reserves (limited), has a debt-to-asset ratio of 16.3% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Friends Of The Rochester Publicmarket Inc's revenue has grown at a compound annual growth rate (CAGR) of 11.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +46.9% | +46.9% | -19.5% |
| 2022 | +14.4% | +15.6% | +22.1% |
| 2021 | +20.6% | +20.4% | -5.3% |
| 2020 | -9.7% | -10.6% | +18.6% |
| 2019 | -7.3% | -6.2% | -12.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2007 |
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 Of The Rochester Publicmarket Inc with a Mission Score of 92 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 Of The Rochester Publicmarket Inc 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 (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $1K, with expenses exceeding revenue.
- Debt-to-asset ratio: 16.3%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that no salaries are paid to officers, which is highly unusual for an organization of its revenue size and suggests a volunteer leadership model or that compensation is categorized differently and not reported as officer compensation.
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.
Red Flags
The following concerns were identified during AI analysis of Friends Of The Rochester Publicmarket Inc's IRS 990 filings:
- 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
The following positive indicators were identified for Friends Of The Rochester Publicmarket Inc:
- 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.
Frequently Asked Questions about Friends Of The Rochester Publicmarket Inc
Is Friends Of The Rochester Publicmarket Inc a legitimate charity?
Friends Of The Rochester Publicmarket Inc (EIN: 204762946) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 92/100. It has 13 years of IRS 990 filings on record. Total revenue: $3.0M. 2 red flags identified. 4 strengths noted. Financial health grade: C.
How does Friends Of The Rochester Publicmarket Inc spend its money?
Friends Of The Rochester Publicmarket Inc directs 90% of its spending to programs and services. Fundraising costs 3%. This exceeds the 65% industry benchmark.
Are donations to Friends Of The Rochester Publicmarket Inc tax-deductible?
Friends Of The Rochester Publicmarket Inc is registered as a tax-exempt nonprofit (EIN: 204762946). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Friends Of The Rochester Publicmarket Inc's spending goes to programs?
Friends Of The Rochester Publicmarket Inc directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Friends Of The Rochester Publicmarket Inc compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Friends Of The Rochester Publicmarket Inc is above average for NTEE category W199 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Friends Of The Rochester Publicmarket Inc located?
Friends Of The Rochester Publicmarket Inc is headquartered in Rochester, New York and files with the IRS under EIN 204762946. It is classified under NTEE code W199.
How many years of IRS 990 filings does Friends Of The Rochester Publicmarket Inc have?
Friends Of The Rochester Publicmarket Inc 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 $3.0M in total revenue.
Is Friends Of The Rochester Publicmarket Inc financially stable?
The organization consistently operates near break-even, with expenses closely matching revenues (e.g., $2,022,303 revenue vs. $2,023,735 expenses in 202312). While this indicates careful management, it also means there isn't significant surplus accumulation for future growth or unexpected events. Assets are modest relative to annual revenue, suggesting a lean operational model rather than substantial reserves.
How does Friends Of The Rochester Publicmarket Inc manage its administrative costs?
The consistent reporting of 0% officer compensation across all filings strongly suggests very low administrative overhead, at least concerning executive salaries. This indicates a high degree of efficiency in directing funds towards program services.
What is the trend in the organization's revenue?
Revenue has shown a significant upward trend, more than doubling from $998,142 in 202012 to $2,022,303 in 202312, indicating growing support or expanding operations.
Filing History
IRS 990 filing history for Friends Of The Rochester Publicmarket Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Friends Of The Rochester Publicmarket Inc's revenue has grown by 261.1%, moving from $560K to $2.0M. Total assets increased by 47% over the same period, from $165K to $243K. Total functional expenses rose by 273.7%, from $541K to $2.0M. In its most recent filing year (2023), Friends Of The Rochester Publicmarket Inc reported a deficit of $1K, with expenses exceeding revenue. The organization holds $40K in liabilities against $243K in assets (debt-to-asset ratio: 16.3%), resulting in net assets of $203K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.0M | $2.0M | $243K | $40K | — | — |
| 2022 | $1.4M | $1.4M | $302K | $97K | — | — |
| 2021 | $1.2M | $1.2M | $247K | $41K | — | View 990 |
| 2020 | $998K | $991K | $261K | $66K | — | View 990 |
| 2019 | $1.1M | $1.1M | $220K | $33K | — | View 990 |
| 2018 | $1.2M | $1.2M | $251K | $62K | — | View 990 |
| 2017 | $1.3M | $1.3M | $281K | $103K | — | View 990 |
| 2016 | $1.1M | $1.1M | $277K | $124K | — | View 990 |
| 2015 | $1.1M | $968K | $168K | $39K | — | View 990 |
| 2014 | $696K | $793K | $224K | $199K | — | View 990 |
| 2013 | $667K | $623K | $141K | $18K | — | View 990 |
| 2012 | $597K | $561K | $115K | $37K | — | View 990 |
| 2011 | $560K | $541K | $165K | $57K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.0M, expenses of $2.0M, and assets of $243K (revenue +46.9% year-over-year).
- 2022: Revenue of $1.4M, expenses of $1.4M, and assets of $302K (revenue +14.4% year-over-year).
- 2021: Revenue of $1.2M, expenses of $1.2M, and assets of $247K (revenue +20.6% year-over-year).
- 2020: Revenue of $998K, expenses of $991K, and assets of $261K (revenue -9.7% year-over-year).
- 2019: Revenue of $1.1M, expenses of $1.1M, and assets of $220K (revenue -7.3% year-over-year).
- 2018: Revenue of $1.2M, expenses of $1.2M, and assets of $251K (revenue -9.7% year-over-year).
- 2017: Revenue of $1.3M, expenses of $1.3M, and assets of $281K (revenue +15.6% year-over-year).
- 2016: Revenue of $1.1M, expenses of $1.1M, and assets of $277K (revenue +6.5% year-over-year).
- 2015: Revenue of $1.1M, expenses of $968K, and assets of $168K (revenue +54.0% year-over-year).
- 2014: Revenue of $696K, expenses of $793K, and assets of $224K (revenue +4.3% year-over-year).
- 2013: Revenue of $667K, expenses of $623K, and assets of $141K (revenue +11.8% year-over-year).
- 2012: Revenue of $597K, expenses of $561K, and assets of $115K (revenue +6.5% year-over-year).
- 2011: Revenue of $560K, expenses of $541K, and assets of $165K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Friends Of The Rochester Publicmarket Inc:
Data Sources and Methodology
This transparency report for Friends Of The Rochester Publicmarket Inc 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.