Cape Coral Community Foundation

Analysis

Cape Coral Community Foundation is a registered charity in United States, based in Cape Coral, FL. It received its IRS tax-exemption ruling in January 1974, 52 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 June 2023, Cape Coral Community Foundation reported income of $1.1m and spending of $1.3m, spending 120% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.3m to $1.1m (-14%), an average of -3.7% a year. The sharpest change came in the year to June 2021, when income rose by 16%. Over the whole period it spent 97% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Cape Coral Community Foundation sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 82nd percentile within FL. Charities of a similar size with the same main cause include Sacramento Metro Chamber Foundation ($1.1m), Charlotte Wine & Food Weekend Inc ($1.1m) and East Central Community College Foundation Inc ($1.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 39% of the total. Compensation of current officers, directors and key employees was $153k (12% of expenses). Other salaries and wages came to $4,200. At year end it held assets of $12.3m against liabilities of $142k, net assets of $12.2m. It reported 2 employees.