Citrus County Charities Inc

Analysis

Citrus County Charities Inc is a registered charity in United States, based in Inverness, FL. It received its IRS tax-exemption ruling in March 2015, 11 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Citrus County Charities Inc reported income of $380k and spending of $264k, leaving 30% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $289k to $380k (+31%), an average of +7.1% a year. The sharpest change came in the year to December 2021, when income rose by 31%. Over the whole period it spent 64% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Citrus County Charities 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 66th percentile, and in the 69th percentile within FL. Charities of a similar size with the same main cause include Vinton County Agricultural Society ($380k), Double B Missions Cafe Inc ($380k) and Twu Local 100 Widows and Orphans Fund ($380k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 43% of the total. Other salaries and wages came to $129k. At year end it held assets of $327k against liabilities of $123k, net assets of $204k. It reported 5 employees.