Gujarati Society of Central Florida Inc

Analysis

Gujarati Society of Central Florida Inc is a registered charity in United States, based in Ocoee, FL. It received its IRS tax-exemption ruling in June 2009, 17 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Gujarati Society of Central Florida Inc reported income of $556k and spending of $645k, spending 116% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $450k to $556k (+24%), an average of +5.5% a year. The sharpest change came in the year to December 2022, when income rose by 1039%. Over the whole period it spent 104% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Gujarati Society of Central Florida Inc sits at the 79th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 74th percentile within FL. Charities of a similar size with the same main cause include Rosemount Museum ($556k), Nancy Lee & Perry R Bass Performance Hall Capital Endow TR ($557k) and Friends of Nobska Light Inc ($556k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 75% and program service revenue 25% of the total. At year end it held assets of $194k against liabilities of $114k, net assets of $80k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.