Greater Rochester Chamber Of Commerce Foundation Inc
Greater Rochester Chamber Of Commerce Foundation Inc. experiences fluctuating revenues and recent operating deficits.
EIN: 161104636 · Rochester, NY · NTEE: B20J · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $5.7M |
| Total Expenses | $2.5M |
| Program Spending | 80% |
| Net Assets | $1.5M |
| Transparency Score | 75/100 |
Is Greater Rochester Chamber Of Commerce Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Greater Rochester Chamber Of Commerce Foundation Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Greater Rochester Chamber Of Commerce Foundation Inc
Greater Rochester Chamber Of Commerce Foundation Inc (EIN: 161104636) is a nonprofit organization based in Rochester, NY, classified under NTEE code B20J. The organization reported total revenue of $5.7M and total assets of $5.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Greater Rochester Chamber Of Commerce Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Greater Rochester Chamber Of Commerce Foundation Inc is a mid-size nonprofit that has been operating for 48 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 14.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.5M |
| Total Expenses | $2.5M |
| Surplus / Deficit | $-1,058,521 |
| Total Assets | $1.9M |
| Total Liabilities | $393K |
| Net Assets | $1.5M |
| Operating Margin | -72.1% |
| Debt-to-Asset Ratio | 20.9% |
| Months of Reserves | 8.9 months |
Financial Health Grade: B
In 2023, Greater Rochester Chamber Of Commerce Foundation Inc reported a deficit of $1.1M with expenses exceeding revenue, holds 8.9 months of operating reserves (strong position), has a debt-to-asset ratio of 20.9% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Greater Rochester Chamber Of Commerce Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 14.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -31.5% | +32.2% | -36.3% |
| 2022 | +251.3% | +49.2% | +5.0% |
| 2021 | -37.6% | +25.0% | -17.6% |
| 2020 | -70.8% | +34.6% | +9.3% |
| 2019 | +700.8% | +2163.7% | +559.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 1978 |
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 Chamber Of Commerce Foundation Inc 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 Chamber Of Commerce Foundation Inc 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 $1.1M, with expenses exceeding revenue.
- Debt-to-asset ratio: 20.9%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that officers are not directly compensated by the foundation, which is a strong positive for financial stewardship.
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 Chamber Of Commerce Foundation Inc's IRS 990 filings:
- Consistent operating deficits in recent years (2023, 2021, 2020) where expenses exceeded revenue.
- Significant year-over-year revenue volatility, making financial planning and sustainability potentially challenging.
Strengths
The following positive indicators were identified for Greater Rochester Chamber Of Commerce Foundation Inc:
- Zero officer compensation reported across all filings, indicating strong financial stewardship regarding executive pay.
- Substantial growth in assets over the long term, from $73,757 in 2017 to $1,879,087 in 2023.
- Positive operating margins in some years, such as 2022 ($2,142,578 revenue vs. $1,910,687 expenses) and 2019 ($3,341,586 revenue vs. $761,361 expenses).
Frequently Asked Questions about Greater Rochester Chamber Of Commerce Foundation Inc
Is Greater Rochester Chamber Of Commerce Foundation Inc a legitimate charity?
Greater Rochester Chamber Of Commerce Foundation Inc (EIN: 161104636) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 75/100. It has 13 years of IRS 990 filings on record. Total revenue: $5.7M. 2 red flags identified. 3 strengths noted. Financial health grade: B.
How does Greater Rochester Chamber Of Commerce Foundation Inc spend its money?
Greater Rochester Chamber Of Commerce Foundation Inc directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Greater Rochester Chamber Of Commerce Foundation Inc tax-deductible?
Greater Rochester Chamber Of Commerce Foundation Inc is registered as a tax-exempt nonprofit (EIN: 161104636). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Greater Rochester Chamber Of Commerce Foundation Inc's spending goes to programs?
Greater Rochester Chamber Of Commerce Foundation Inc directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Greater Rochester Chamber Of Commerce Foundation Inc compare to similar nonprofits?
With a transparency score of 75/100 (Good), Greater Rochester Chamber Of Commerce Foundation Inc is above average for NTEE category B20J nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Greater Rochester Chamber Of Commerce Foundation Inc located?
Greater Rochester Chamber Of Commerce Foundation Inc is headquartered in Rochester, New York and files with the IRS under EIN 161104636. It is classified under NTEE code B20J.
How many years of IRS 990 filings does Greater Rochester Chamber Of Commerce Foundation Inc have?
Greater Rochester Chamber Of Commerce Foundation 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 $5.7M in total revenue.
Why did expenses exceed revenue in the 202312, 202112, and 202012 periods?
The provided data shows that in these periods, the organization spent more than it earned. For example, in 202312, expenses were $2,525,938 while revenue was $1,467,417. This could be due to strategic investments, timing of grants, or operational challenges.
What is the source of the significant revenue fluctuations, such as $3,341,586 in 201912 compared to $609,868 in 202112?
The revenue figures vary widely year-to-year, suggesting that the foundation may rely on large, infrequent grants, specific project funding, or highly variable fundraising campaigns rather than consistent, recurring income streams.
How does the foundation manage its liabilities, which have fluctuated significantly (e.g., $84,021 in 201912 to $392,748 in 202312)?
Liabilities have shown considerable variation, increasing substantially in recent years. Understanding the nature of these liabilities (e.g., program-related payables, deferred revenue) is crucial for assessing financial risk.
Filing History
IRS 990 filing history for Greater Rochester Chamber Of Commerce Foundation Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Greater Rochester Chamber Of Commerce Foundation Inc's revenue has grown by 392%, moving from $298K to $1.5M. Total assets increased by 874.3% over the same period, from $193K to $1.9M. Total functional expenses rose by 369.9%, from $538K to $2.5M. In its most recent filing year (2023), Greater Rochester Chamber Of Commerce Foundation Inc reported a deficit of $1.1M, with expenses exceeding revenue. The organization holds $393K in liabilities against $1.9M in assets (debt-to-asset ratio: 20.9%), resulting in net assets of $1.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.5M | $2.5M | $1.9M | $393K | — | — |
| 2022 | $2.1M | $1.9M | $2.9M | $403K | — | View 990 |
| 2021 | $610K | $1.3M | $2.8M | $495K | — | View 990 |
| 2020 | $977K | $1.0M | $3.4M | $422K | — | — |
| 2019 | $3.3M | $761K | $3.1M | $84K | — | View 990 |
| 2018 | $417K | $34K | $472K | $21K | — | View 990 |
| 2017 | $33K | $32K | $74K | $6K | — | View 990 |
| 2016 | $49K | $77K | $92K | $3K | — | View 990 |
| 2015 | $196K | $219K | $120K | $2K | — | View 990 |
| 2014 | $244K | $344K | $150K | $9K | — | View 990 |
| 2013 | $287K | $462K | $198K | $13K | — | View 990 |
| 2012 | $319K | $545K | $232K | $2.1M | — | View 990 |
| 2011 | $298K | $538K | $193K | $1.8M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.5M, expenses of $2.5M, and assets of $1.9M (revenue -31.5% year-over-year).
- 2022: Revenue of $2.1M, expenses of $1.9M, and assets of $2.9M (revenue +251.3% year-over-year).
- 2021: Revenue of $610K, expenses of $1.3M, and assets of $2.8M (revenue -37.6% year-over-year).
- 2020: Revenue of $977K, expenses of $1.0M, and assets of $3.4M (revenue -70.8% year-over-year).
- 2019: Revenue of $3.3M, expenses of $761K, and assets of $3.1M (revenue +700.8% year-over-year).
- 2018: Revenue of $417K, expenses of $34K, and assets of $472K (revenue +1174.7% year-over-year).
- 2017: Revenue of $33K, expenses of $32K, and assets of $74K (revenue -32.7% year-over-year).
- 2016: Revenue of $49K, expenses of $77K, and assets of $92K (revenue -75.1% year-over-year).
- 2015: Revenue of $196K, expenses of $219K, and assets of $120K (revenue -19.8% year-over-year).
- 2014: Revenue of $244K, expenses of $344K, and assets of $150K (revenue -14.9% year-over-year).
- 2013: Revenue of $287K, expenses of $462K, and assets of $198K (revenue -10.0% year-over-year).
- 2012: Revenue of $319K, expenses of $545K, and assets of $232K (revenue +6.8% year-over-year).
- 2011: Revenue of $298K, expenses of $538K, and assets of $193K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Greater Rochester Chamber Of Commerce Foundation Inc:
Data Sources and Methodology
This transparency report for Greater Rochester Chamber Of Commerce Foundation 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.