Citrus United Basket Inc

Analysis

Citrus United Basket Inc is a registered charity in United States, based in Inverness, FL. It received its IRS tax-exemption ruling in April 1990, 36 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Citrus United Basket Inc reported income of $232k and spending of $291k, spending 125% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $386k to $232k (-40%), an average of -12% a year. The sharpest change came in the year to December 2023, when income dropped by 45%. Over the whole period it spent 99% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Citrus United Basket Inc sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 60th percentile within FL. Charities of a similar size with the same main cause include Evelyn Memorial Compassionate Ministry ($232k), A New Leaf Cottages Inc ($232k) and Childrens Shelter of Hope Foundation ($232k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. Other salaries and wages came to $97k. At year end it held assets of $461k against liabilities of $2,424, net assets of $459k. It reported 4 employees.