Florida Strawberry Research and Education Foundation Inc

Analysis

Florida Strawberry Research and Education Foundation Inc is a registered charity in United States, based in Dover, FL. It received its IRS tax-exemption ruling in December 2003, 23 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 September 2023, Florida Strawberry Research and Education Foundation Inc reported income of $332k and spending of $196k, leaving 41% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income grew from $194k to $332k (+71%), an average of +14% a year. The sharpest change came in the year to September 2023, when income rose by 77%. Over the whole period it spent 71% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Florida Strawberry Research and Education Foundation Inc sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 66th percentile within FL. Charities of a similar size with the same main cause include The Reaching Educating for Community Hope Foundation ($332k), Frogtown Neighborhood Association ($332k) and Denver Regional Capital Corporation ($331k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 7.5% and program service revenue 11% of the total. At year end it held assets of $9.6m against liabilities of $6.0m, net assets of $3.6m.