Fort Myers Beach Community Foundation Inc

Analysis

Fort Myers Beach Community Foundation Inc is a registered charity in United States, based in Ft Myers BCH, FL. It received its IRS tax-exemption ruling in October 2007, 19 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 June 2024, Fort Myers Beach Community Foundation Inc reported income of $125k and spending of $124k, spending 100% of its income. Across the 2 years on record, from June 2023 to June 2024, income fell from $968k to $125k (-87%), an average of -87% a year. The sharpest change came in the year to June 2024, when income dropped by 87%. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Fort Myers Beach Community Foundation Inc sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 46th percentile within FL. Charities of a similar size with the same main cause include Made Well Ministries ($125k), Caring Network Volunteer Services a New Jersey Non Profit Corp ($125k) and Proactive Parenting Initiative ($125k).

On its Form 990-EZ for the period ending June 2024, revenue came from program service revenue 31% of the total. At year end it held assets of $23k against liabilities of $0, net assets of $23k.