Key Biscayne Community Foundation Inc

Analysis

Key Biscayne Community Foundation Inc is a registered charity in United States, based in Key Biscayne, FL. It received its IRS tax-exemption ruling in October 2004, 22 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 December 2023, Key Biscayne Community Foundation Inc reported income of $3.9m and spending of $4.2m, spending 108% of what it took in. Across the 6 years on record, from December 2018 to December 2023, income grew from $3.0m to $3.9m (+27%), an average of +5.0% a year. The sharpest change came in the year to December 2020, when income rose by 59%. Over the whole period it spent 89% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Key Biscayne Community Foundation Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 92nd percentile within FL. Charities of a similar size with the same main cause include Bunker Hill Community College Foundation Inc ($3.9m), Belize Fund for a Sustainable Future Inc ($3.9m) and Ohr Yosef Inc ($3.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 64% and program service revenue 25% of the total. Compensation of current officers, directors and key employees was $140k (3.4% of expenses). Other salaries and wages came to $555k. At year end it held assets of $12.7m against liabilities of $419k, net assets of $12.2m. It reported 8 employees.