Daytona Beach Community Foundation Inc

Analysis

Daytona Beach Community Foundation Inc is a registered charity in United States, based in Daytona Beach, FL. It received its IRS tax-exemption ruling in June 1984, 42 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 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, Daytona Beach Community Foundation Inc reported income of $198k and spending of $163k, spending 82% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $164k to $198k (+21%), an average of +4.9% a year. The sharpest change came in the year to December 2021, when income rose by 84%. Over the whole period it spent 85% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Daytona Beach Community Foundation Inc sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 57th percentile within FL. Charities of a similar size with the same main cause include Bigfork Playhouse Childrens Theatre Inc ($198k), Wisconsin State Golf Associationfoundation Inc ($198k) and Birchard Library Association Foundation ($198k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 57% of the total. At year end it held assets of $2.8m against liabilities of $1.9m, net assets of $910k.