Volunteer Florida Foundation Inc

Analysis

Volunteer Florida Foundation Inc is a registered charity in United States, based in Tallahassee, FL. It received its IRS tax-exemption ruling in December 2010, 16 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Volunteer Florida Foundation Inc reported income of $64.4m and spending of $30.4m, leaving 53% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $7.3m to $64.4m (+788%), an average of +73% a year. The sharpest change came in the year to June 2023, when income rose by 11532%. Over the whole period it spent 72% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Volunteer Florida Foundation Inc sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within FL. Charities of a similar size with the same main cause include The United Way of Central Maryland Inc ($63.9m), United Way of New York City ($65.2m) and Jewish Federation of Greater Atlanta Inc ($63.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 98% of the total. Other salaries and wages came to $152k. At year end it held assets of $35.8m against liabilities of $246k, net assets of $35.5m. It reported 29 employees.