Friends of Boca Grande Community Center Inc

Analysis

Friends of Boca Grande Community Center Inc is a registered charity in United States, based in Boca Grande, FL. It received its IRS tax-exemption ruling in July 1987, 39 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 June 2023, Friends of Boca Grande Community Center Inc reported income of $1.7m and spending of $1.6m, spending 89% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.4m to $1.7m (+26%), an average of +5.9% a year. The sharpest change came in the year to June 2022, when income rose by 23%. Over the whole period it spent 85% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Friends of Boca Grande Community Center Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 87th percentile within FL. Charities of a similar size with the same main cause include Society of St Vincent de Paul Dist Council of Lafayette Indiana Inc ($1.7m), Sound Generations ($1.7m) and Family Recovery Program Incorporated ($1.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 68% and program service revenue 28% of the total. Compensation of current officers, directors and key employees was $173k (11% of expenses). Other salaries and wages came to $409k. At year end it held assets of $3.2m against liabilities of $136k, net assets of $3.1m. It reported 8 employees.