Round Canopy Parachuting Team-Usa Foundation Inc

Analysis

Round Canopy Parachuting Team-Usa Foundation Inc is a registered charity in United States, based in Palatka, FL. It received its IRS tax-exemption ruling in May 2016, 10 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Round Canopy Parachuting Team-Usa Foundation Inc reported income of $442k and spending of $354k, spending 80% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $357k to $442k (+24%), an average of +24% a year. The sharpest change came in the year to December 2023, when income rose by 24%. Over the whole period it spent 82% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Round Canopy Parachuting Team-Usa Foundation Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 71st percentile within FL. Charities of a similar size with the same main cause include Caribbeing Inc ($442k), Soo Theatre Project ($442k) and Center for American Archeology ($442k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 91% of the total. At year end it held assets of $206k against liabilities of $0, net assets of $206k.