Mount Dora Community Trust

Analysis

Mount Dora Community Trust is a registered charity in United States, based in Mount Dora, FL. It received its IRS tax-exemption ruling in February 1975, 51 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 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 August 2024, Mount Dora Community Trust reported income of $5.5m and spending of $3.3m, leaving 41% of income unspent that year. Across the 5 years on record, from August 2020 to August 2024, income grew from $1.7m to $5.5m (+225%), an average of +34% a year. The sharpest change came in the year to August 2021, when income rose by 142%. Over the whole period it spent 50% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Mount Dora Community Trust sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 94th percentile within FL. Charities of a similar size with the same main cause include Independent Sector ($5.5m), Maria Seymour Brooker Memorial Inc ($5.5m) and Philanthropy Massachusetts Inc ($5.5m).

On its Form 990 for the period ending August 2024, revenue came from contributions and grants 50% of the total. Compensation of current officers, directors and key employees was $472k (14% of expenses). Other salaries and wages came to $133k. At year end it held assets of $25.3m against liabilities of $0, net assets of $25.3m. It reported 4 employees.