North Central Florida Community Center Inc

Analysis

North Central Florida Community Center Inc is a registered charity in United States, based in Gainesville, FL. It received its IRS tax-exemption ruling in February 1990, 36 years ago. 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 December 2023, North Central Florida Community Center Inc reported income of $968k and spending of $1.3m, spending 138% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.3m to $968k (-23%), an average of -6.4% a year. The sharpest change came in the year to December 2022, when income rose by 49%. Over the whole period it spent 117% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, North Central Florida Community Center Inc sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 81st percentile within FL. Charities of a similar size with the same main cause include Habitat for Humanity International Inc ($968k), Rosa Lee Young Childhood Center ($968k) and Putnam Baptist Homes Inc ($968k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 37% and program service revenue 62% of the total. Compensation of current officers, directors and key employees was $97k (7.3% of expenses). Other salaries and wages came to $570k. At year end it held assets of $1.7m against liabilities of $225k, net assets of $1.4m. It reported 120 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.