The Community Foundation for Ocala Marion County Inc

Analysis

The Community Foundation for Ocala Marion County Inc is a registered charity in United States, based in Ocala, FL. It received its IRS tax-exemption ruling in July 2011, 15 years ago. 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, The Community Foundation for Ocala Marion County Inc reported income of $3.8m and spending of $2.3m, leaving 39% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $738k to $3.8m (+412%), an average of +50% a year. The sharpest change came in the year to December 2020, when income rose by 531%. Over the whole period it spent 82% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The Community Foundation for Ocala Marion County Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 92nd percentile within FL. Charities of a similar size with the same main cause include New Dawn Incorporated ($3.8m), Community Aging and Retirement Services Inc ($3.8m) and Assistance League of Long Beach ($3.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 93% and program service revenue 4.1% of the total. Compensation of current officers, directors and key employees was $132k (5.7% of expenses). Other salaries and wages came to $377k. At year end it held assets of $6.9m against liabilities of $3.1m, net assets of $3.8m. It reported 11 employees.