Boca Rio Foundation Inc

Analysis

Boca Rio Foundation Inc is a registered charity in United States, based in Boca Raton, FL. It received its IRS tax-exemption ruling in January 2013, 13 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, Boca Rio Foundation Inc reported income of $228k and spending of $294k, spending 129% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $179k to $228k (+27%), an average of +6.1% a year. The sharpest change came in the year to December 2022, when income rose by 51%. Over the whole period it spent 96% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Boca Rio Foundation Inc sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 60th percentile within FL. Charities of a similar size with the same main cause include Iowa State Fairgrounds TR ($227k), Rukwa Foundation ($228k) and Caps Foundation ($227k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $182k against liabilities of $0, net assets of $182k.