Usta Florida Section Foundation Inc

Analysis

Usta Florida Section Foundation Inc is a registered charity in United States, based in Orlando, FL. It received its IRS tax-exemption ruling in November 2004, 22 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 supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Usta Florida Section Foundation Inc reported income of $645k and spending of $715k, spending 111% of what it took in. Across the 4 years on record, from December 2019 to December 2023, income grew from $185k to $645k (+248%), an average of +52% a year. The sharpest change came in the year to December 2023, when income rose by 315%. Over the whole period it spent 88% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Usta Florida Section Foundation Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 76th percentile within FL. Charities of a similar size with the same main cause include Hudson County Community College Foundation Inc ($645k), Charles a Coffin Memorial Fund ($646k) and Jaago Foundation Inc ($645k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% of the total. At year end it held assets of $1.0m against liabilities of $413k, net assets of $611k.