Greater Rochester Arts And Cultural Trust
Greater Rochester Arts And Cultural Trust shows asset growth and no debt, but recent expenses exceeded revenue.
EIN: 204748879 · Rochester, MN · NTEE: A26 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $125K |
| Total Expenses | $126K |
| Program Spending | 80% |
| Net Assets | $112K |
| Transparency Score | 75/100 |
Is Greater Rochester Arts And Cultural Trust Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Greater Rochester Arts And Cultural Trust directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Greater Rochester Arts And Cultural Trust
Greater Rochester Arts And Cultural Trust (EIN: 204748879) is a nonprofit organization based in Rochester, MN, classified under NTEE code A26. The organization reported total revenue of $125K and total assets of $116K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Greater Rochester Arts And Cultural Trust's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Greater Rochester Arts And Cultural Trust is a small nonprofit that has been operating for 19 years, with 8 years of IRS 990 filings on record (2016–2023). Revenue has grown at a compound annual rate of 4.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $95K |
| Total Expenses | $126K |
| Surplus / Deficit | $-30,380 |
| Total Assets | $112K |
| Net Assets | $112K |
| Operating Margin | -31.9% |
| Months of Reserves | 10.7 months |
Financial Health Grade: B
In 2023, Greater Rochester Arts And Cultural Trust reported a deficit of $30K with expenses exceeding revenue, holds 10.7 months of operating reserves (strong position).
Financial Trends
Over 8 years of filings (2016–2023), Greater Rochester Arts And Cultural Trust's revenue has grown at a compound annual growth rate (CAGR) of 4.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -24.4% | +18.2% | -21.3% |
| 2022 | +214.7% | +228.4% | +16.1% |
| 2021 | -19.1% | +142.1% | +6.7% |
| 2020 | -72.6% | -91.5% | +46.2% |
| 2019 | +14.6% | +9.3% | +42.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| 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 Greater Rochester Arts And Cultural Trust with a Mission Score of 75 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Greater Rochester Arts And Cultural Trust allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% 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 $30K, with expenses exceeding revenue.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, suggesting that executive leadership is either entirely volunteer or compensated through non-officer categories, which can be a positive for minimizing overhead.
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 Greater Rochester Arts And Cultural Trust's IRS 990 filings:
- Expenses exceeded revenue in the most recent filing (2023), leading to a deficit of $30,380.
- Significant year-over-year revenue fluctuations, indicating potential instability in funding streams.
Strengths
The following positive indicators were identified for Greater Rochester Arts And Cultural Trust:
- Consistent asset growth, increasing from $30,863 in 2016 to $112,234 in 2023.
- Zero reported liabilities across all filings, indicating strong financial management and no debt.
- No reported officer compensation, suggesting efficient use of funds for leadership.
- Strong financial transparency with publicly available IRS 990 filings.
Frequently Asked Questions about Greater Rochester Arts And Cultural Trust
Is Greater Rochester Arts And Cultural Trust a legitimate charity?
Greater Rochester Arts And Cultural Trust (EIN: 204748879) is a registered tax-exempt nonprofit based in Minnesota. Our AI analysis gives it a Mission Score of 75/100. It has 8 years of IRS 990 filings on record. Total revenue: $125K. 2 red flags identified. 4 strengths noted. Financial health grade: B.
How does Greater Rochester Arts And Cultural Trust spend its money?
Greater Rochester Arts And Cultural Trust directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Greater Rochester Arts And Cultural Trust tax-deductible?
Greater Rochester Arts And Cultural Trust is registered as a tax-exempt nonprofit (EIN: 204748879). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Greater Rochester Arts And Cultural Trust's spending goes to programs?
Greater Rochester Arts And Cultural Trust directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Greater Rochester Arts And Cultural Trust compare to similar nonprofits?
With a transparency score of 75/100 (Good), Greater Rochester Arts And Cultural Trust is above average for NTEE category A26 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Greater Rochester Arts And Cultural Trust located?
Greater Rochester Arts And Cultural Trust is headquartered in Rochester, Minnesota and files with the IRS under EIN 204748879. It is classified under NTEE code A26.
How many years of IRS 990 filings does Greater Rochester Arts And Cultural Trust have?
Greater Rochester Arts And Cultural Trust has 8 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 $125K in total revenue.
Is Greater Rochester Arts And Cultural Trust a good charity?
Based on the available data, the organization demonstrates good financial health with consistent asset growth and no reported liabilities. The absence of officer compensation is also a positive. However, the recent trend of expenses exceeding revenue (2023: $125,706 expenses vs. $95,326 revenue) warrants attention for long-term sustainability.
How has the organization's revenue trended over time?
Revenue has fluctuated significantly, ranging from a low of $40,063 in 2021 to a high of $180,479 in 2019, indicating variability in funding sources.
Does the organization carry any debt?
No, the organization consistently reports $0 in liabilities across all available IRS 990 filings, indicating a debt-free operation.
Filing History
IRS 990 filing history for Greater Rochester Arts And Cultural Trust showing financial trends over 8 years of public records:
Over 8 years of IRS 990 filings (2016–2023), Greater Rochester Arts And Cultural Trust's revenue has grown by 38.3%, moving from $69K to $95K. Total assets increased by 263.7% over the same period, from $31K to $112K. Total functional expenses rose by 54.5%, from $81K to $126K. In its most recent filing year (2023), Greater Rochester Arts And Cultural Trust reported a deficit of $30K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $95K | $126K | $112K | $0 | — | — |
| 2022 | $126K | $106K | $143K | $0 | — | View 990 |
| 2021 | $40K | $32K | $123K | $0 | — | View 990 |
| 2020 | $49K | $13K | $115K | $0 | — | View 990 |
| 2019 | $180K | $157K | $79K | $0 | — | View 990 |
| 2018 | $157K | $143K | $55K | $0 | — | View 990 |
| 2017 | $71K | $64K | $41K | $0 | — | View 990 |
| 2016 | $69K | $81K | $31K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $95K, expenses of $126K, and assets of $112K (revenue -24.4% year-over-year).
- 2022: Revenue of $126K, expenses of $106K, and assets of $143K (revenue +214.7% year-over-year).
- 2021: Revenue of $40K, expenses of $32K, and assets of $123K (revenue -19.1% year-over-year).
- 2020: Revenue of $49K, expenses of $13K, and assets of $115K (revenue -72.6% year-over-year).
- 2019: Revenue of $180K, expenses of $157K, and assets of $79K (revenue +14.6% year-over-year).
- 2018: Revenue of $157K, expenses of $143K, and assets of $55K (revenue +122.3% year-over-year).
- 2017: Revenue of $71K, expenses of $64K, and assets of $41K (revenue +2.8% year-over-year).
- 2016: Revenue of $69K, expenses of $81K, and assets of $31K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Greater Rochester Arts And Cultural Trust:
Data Sources and Methodology
This transparency report for Greater Rochester Arts And Cultural Trust 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.