Newtown Florist Club Inc

Analysis

Newtown Florist Club Inc is a registered charity in United States, based in Gainesville, GA. It received its IRS tax-exemption ruling in April 1999, 27 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 June 2024, Newtown Florist Club Inc reported income of $114k and spending of $111k, spending 97% of its income. Across the 2 years on record, from June 2023 to June 2024, income grew from $95k to $114k (+20%), an average of +20% a year. The sharpest change came in the year to June 2024, when income rose by 20%. Over the whole period it spent 142% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Newtown Florist Club Inc sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 42nd percentile within GA. Charities of a similar size with the same main cause include Junior League of Greater Fort Lauderdale Inc ($114k), Lapeer County Center Inc ($114k) and The Junior League of Greater Covington Inc ($114k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 55% of the total. At year end it held assets of $85k against liabilities of $50k, net assets of $35k.