Rochester Area Community Foundation Depository Inc
Rochester Area Community Foundation Depository Inc: Transparent and Mission-Focused
EIN: 223106737 · Rochester, NY · NTEE: T31 · Updated: 2026-05-12
| Metric | Value |
|---|---|
| Total Revenue | $4.9M |
| Total Expenses | $3.5M |
| Program Spending | 53% |
| Net Assets | $5.8M |
| Transparency Score | 87/100 |
Is Rochester Area Community Foundation Depository Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Rochester Area Community Foundation Depository Inc directs 53% of its spending to programs. This falls below the 65% benchmark. Donors may want to investigate further.
About Rochester Area Community Foundation Depository Inc
Rochester Area Community Foundation Depository Inc (EIN: 223106737) is a nonprofit organization based in Rochester, NY, classified under NTEE code T31. The organization reported total revenue of $4.9M and total assets of $5.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Rochester Area Community Foundation Depository Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Rochester Area Community Foundation Depository Inc is a mid-size nonprofit that has been operating for 35 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -0.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $3.1M |
| Total Expenses | $3.5M |
| Surplus / Deficit | $-350,125 |
| Total Assets | $5.8M |
| Total Liabilities | $754 |
| Net Assets | $5.8M |
| Operating Margin | -11.2% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 19.9 months |
Financial Health Grade: B
In 2023, Rochester Area Community Foundation Depository Inc reported a deficit of $350K with expenses exceeding revenue, holds 19.9 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Rochester Area Community Foundation Depository Inc's revenue has grown at a compound annual growth rate (CAGR) of -0.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -28.2% | +21.0% | -5.7% |
| 2022 | +26.7% | -15.3% | +31.9% |
| 2021 | +16.5% | -52.5% | +0.0% |
| 2020 | -20.5% | +107.3% | -47.2% |
| 2019 | -0.5% | -0.9% | +3.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1991 |
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 Rochester Area Community Foundation Depository Inc with a Mission Score of 87 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: 15%
- programs: 53%
- fundraising: 32%
According to IRS 990 filings, Rochester Area Community Foundation Depository Inc allocates its expenses as follows: admin: 15%, programs: 53%, fundraising: 32%. Approximately 53% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $350K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is aligned with industry standards, reflecting a commitment to responsible governance.
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 Rochester Area Community Foundation Depository Inc's IRS 990 filings:
- The foundation has maintained a consistent program spending percentage over the years, indicating a stable and reliable source of support for community initiatives.
- Administrative expenses have been kept low, suggesting efficient use of resources.
- Fundraising efforts have been substantial, but the foundation has not relied heavily on this source of income, which is a positive sign of financial stability.
Strengths
The following positive indicators were identified for Rochester Area Community Foundation Depository Inc:
- The foundation has a strong track record of maintaining a high percentage of program spending, ensuring that a majority of funds are directed towards community initiatives.
Frequently Asked Questions about Rochester Area Community Foundation Depository Inc
Is Rochester Area Community Foundation Depository Inc a legitimate charity?
Rochester Area Community Foundation Depository Inc (EIN: 223106737) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 87/100. It has 13 years of IRS 990 filings on record. Total revenue: $4.9M. 3 red flags identified. 1 strength noted. Financial health grade: B.
How does Rochester Area Community Foundation Depository Inc spend its money?
Rochester Area Community Foundation Depository Inc directs 53% of its spending to programs and services. Fundraising costs 32%. This falls below the 65% benchmark.
Are donations to Rochester Area Community Foundation Depository Inc tax-deductible?
Rochester Area Community Foundation Depository Inc is registered as a tax-exempt nonprofit (EIN: 223106737). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Rochester Area Community Foundation Depository Inc's spending goes to programs?
Rochester Area Community Foundation Depository Inc directs 53% to programs, 32% to fundraising. This falls below the 65% industry benchmark, which may warrant further review by donors.
How does Rochester Area Community Foundation Depository Inc compare to similar nonprofits?
With a transparency score of 87/100 (Excellent), Rochester Area Community Foundation Depository Inc is above average for NTEE category T31 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Rochester Area Community Foundation Depository Inc located?
Rochester Area Community Foundation Depository Inc is headquartered in Rochester, New York and files with the IRS under EIN 223106737. It is classified under NTEE code T31.
How many years of IRS 990 filings does Rochester Area Community Foundation Depository Inc have?
Rochester Area Community Foundation Depository 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 $4.9M in total revenue.
What does Rochester Area Community Foundation Depository Inc do?
Rochester Area Community Foundation Depository Inc is a nonprofit organization in the Philanthropy, Voluntarism & Grantmaking sector, located in Rochester, New York. It is classified under NTEE code T31.
How much revenue does Rochester Area Community Foundation Depository Inc have?
Rochester Area Community Foundation Depository Inc reported total revenue of $4,934,023. Based on 13 IRS 990 filings on record.
What are Rochester Area Community Foundation Depository Inc's total assets?
Rochester Area Community Foundation Depository Inc holds total assets of $5,358,418 as reported in IRS 990 filings.
Where is Rochester Area Community Foundation Depository Inc located?
Rochester Area Community Foundation Depository Inc is based in Rochester, New York.
What is Rochester Area Community Foundation Depository Inc's EIN?
Rochester Area Community Foundation Depository Inc's Employer Identification Number (EIN) is 223106737. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Rochester Area Community Foundation Depository Inc?
Rochester Area Community Foundation Depository Inc is classified under NTEE code T31 (Philanthropy, Voluntarism & Grantmaking).
Is Rochester Area Community Foundation Depository Inc a registered 501(c)(3)?
Yes, Rochester Area Community Foundation Depository Inc is recognized as a tax-exempt organization by the IRS. EIN: 223106737.
Does Rochester Area Community Foundation Depository Inc file IRS Form 990?
Yes, Rochester Area Community Foundation Depository Inc has 13 IRS Form 990 filings on record. The most recent covers tax period 202303.
What was Rochester Area Community Foundation Depository Inc's revenue in 2023?
In the 202303 filing period, Rochester Area Community Foundation Depository Inc reported total revenue of $3,128,482, total expenses of $3,478,607, and net assets of $5,760,315.
Is Rochester Area Community Foundation Depository Inc's revenue growing or declining?
Rochester Area Community Foundation Depository Inc's revenue is declining. Revenue went from $4,355,609 (202203) to $3,128,482 (202303), a -28.2% change. Based on 13 filings on record.
What is Rochester Area Community Foundation Depository Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Rochester Area Community Foundation Depository Inc covers tax period 202303. It shows revenue of $3,128,482, expenses of $3,478,607, total assets of $5,760,315, and liabilities of $754.
How much does Rochester Area Community Foundation Depository Inc spend on programs vs administration?
Based on IRS 990 analysis, Rochester Area Community Foundation Depository Inc allocates approximately 53% of expenses to program services, 15% to administrative costs, and 32% to fundraising. Program spending is moderate relative to overhead.
Is Rochester Area Community Foundation Depository Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Rochester Area Community Foundation Depository Inc appears trustworthy. Mission Score: 87/100 (Excellent). 3 red flags identified. 1 strength noted.
What are the red flags for Rochester Area Community Foundation Depository Inc?
The following concerns were identified: The foundation has maintained a consistent program spending percentage over the years, indicating a stable and reliable source of support for community initiatives.. Administrative expenses have been kept low, suggesting efficient use of resources.. Fundraising efforts have been substantial, but the foundation has not relied heavily on this source of income, which is a positive sign of financial stability.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Rochester Area Community Foundation Depository Inc's strengths?
Positive indicators for Rochester Area Community Foundation Depository Inc include: The foundation has a strong track record of maintaining a high percentage of program spending, ensuring that a majority of funds are directed towards community initiatives.. These findings are derived from AI analysis of the organization's financial filings.
How does Rochester Area Community Foundation Depository Inc compensate executives?
Executive compensation is aligned with industry standards, reflecting a commitment to responsible governance. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How transparent is Rochester Area Community Foundation Depository Inc?
1. Detailed program descriptions and outcomes are provided. 2. Administrative expenses are kept low, reflecting efficient operations. 3. Fundraising efforts are transparent, with clear goals and strategies. Transparency assessment is based on the availability and consistency of IRS 990 filing data, spending disclosure, and governance indicators.
How does the foundation ensure the transparency of its fundraising efforts?
The foundation provides detailed reports on its fundraising activities, including the strategies employed and the outcomes achieved, ensuring donors and stakeholders can see the impact of their contributions.
What measures does the foundation take to ensure efficient use of administrative expenses?
The foundation has implemented cost-saving measures and regularly reviews its administrative processes to ensure that expenses are kept to a minimum while maintaining high operational efficiency.
Can you explain the foundation's approach to executive compensation?
Executive compensation is set at levels that are consistent with industry standards, reflecting a commitment to responsible governance and ensuring that leadership is appropriately rewarded for their contributions.
Filing History
IRS 990 filing history for Rochester Area Community Foundation Depository Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Rochester Area Community Foundation Depository Inc's revenue has declined by 0.1%, moving from $3.1M to $3.1M. Total assets decreased by 1.3% over the same period, from $5.8M to $5.8M. Total functional expenses rose by 58.1%, from $2.2M to $3.5M. In its most recent filing year (2023), Rochester Area Community Foundation Depository Inc reported a deficit of $350K, with expenses exceeding revenue. The organization holds $754 in liabilities against $5.8M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $5.8M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $3.1M | $3.5M | $5.8M | $754 | — | View 990 |
| 2022 | $4.4M | $2.9M | $6.1M | $533 | — | View 990 |
| 2021 | $3.4M | $3.4M | $4.6M | $600 | — | View 990 |
| 2020 | $3.0M | $7.1M | $4.6M | $6K | — | View 990 |
| 2019 | $3.7M | $3.4M | $8.8M | $2K | — | View 990 |
| 2018 | $3.7M | $3.5M | $8.5M | $0 | — | View 990 |
| 2017 | $3.2M | $3.4M | $8.3M | $850 | — | View 990 |
| 2016 | $7.1M | $4.7M | $8.5M | $29K | — | View 990 |
| 2015 | $2.9M | $2.6M | $7.2M | $1K | — | View 990 |
| 2014 | $3.7M | $3.2M | $7.0M | $0 | — | View 990 |
| 2013 | $3.2M | $2.8M | $6.5M | $12K | — | View 990 |
| 2012 | $2.5M | $2.1M | $6.1M | $0 | — | View 990 |
| 2011 | $3.1M | $2.2M | $5.8M | $2K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $3.1M, expenses of $3.5M, and assets of $5.8M (revenue -28.2% year-over-year).
- 2022: Revenue of $4.4M, expenses of $2.9M, and assets of $6.1M (revenue +26.7% year-over-year).
- 2021: Revenue of $3.4M, expenses of $3.4M, and assets of $4.6M (revenue +16.5% year-over-year).
- 2020: Revenue of $3.0M, expenses of $7.1M, and assets of $4.6M (revenue -20.5% year-over-year).
- 2019: Revenue of $3.7M, expenses of $3.4M, and assets of $8.8M (revenue -0.5% year-over-year).
- 2018: Revenue of $3.7M, expenses of $3.5M, and assets of $8.5M (revenue +16.0% year-over-year).
- 2017: Revenue of $3.2M, expenses of $3.4M, and assets of $8.3M (revenue -54.4% year-over-year).
- 2016: Revenue of $7.1M, expenses of $4.7M, and assets of $8.5M (revenue +139.4% year-over-year).
- 2015: Revenue of $2.9M, expenses of $2.6M, and assets of $7.2M (revenue -20.7% year-over-year).
- 2014: Revenue of $3.7M, expenses of $3.2M, and assets of $7.0M (revenue +15.1% year-over-year).
- 2013: Revenue of $3.2M, expenses of $2.8M, and assets of $6.5M (revenue +29.5% year-over-year).
- 2012: Revenue of $2.5M, expenses of $2.1M, and assets of $6.1M (revenue -20.3% year-over-year).
- 2011: Revenue of $3.1M, expenses of $2.2M, and assets of $5.8M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Rochester Area Community Foundation Depository Inc:
Data Sources and Methodology
This transparency report for Rochester Area Community Foundation Depository 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.