Friends of Cape Florida Inc

Analysis

Friends of Cape Florida Inc is a registered charity in United States, based in Key Biscayne, FL. It received its IRS tax-exemption ruling in September 2004, 22 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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, Friends of Cape Florida Inc reported income of $137k and spending of $68k, leaving 50% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $69k to $137k (+97%), an average of +97% a year. The sharpest change came in the year to December 2023, when income rose by 97%. Over the whole period it spent 50% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Friends of Cape Florida Inc sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 49th percentile within FL. Charities of a similar size with the same main cause include Duluth Nordic Ski Club Inc ($137k), Colts Travel Baseball Inc ($137k) and Arrowhead Basketball Club ($137k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 64% of the total. At year end it held assets of $135k against liabilities of $888, net assets of $134k.