Fifth Avenue South Business Improvement District Inc

Analysis

Fifth Avenue South Business Improvement District Inc is a registered charity in United States, based in Naples, FL. It received its IRS tax-exemption ruling in November 2011, 15 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Fifth Avenue South Business Improvement District Inc reported income of $734k and spending of $660k, spending 90% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $599k to $734k (+23%), an average of +5.2% a year. The sharpest change came in the year to December 2023, when income rose by 17%. Over the whole period it spent 99% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Fifth Avenue South Business Improvement District Inc sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 78th percentile within FL. Charities of a similar size with the same main cause include Nccco Foundation Inc ($734k), Northend Properties Inc ($735k) and Brooklyn for All Inc ($734k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $116k. At year end it held assets of $820k against liabilities of $630k, net assets of $190k. It reported 2 employees.