Advocare Trust Inc

Analysis

Advocare Trust Inc is a registered charity in United States, based in Clearwater, FL. It received its IRS tax-exemption ruling in March 1989, 37 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Advocare Trust Inc reported income of $433k and spending of $396k, spending 92% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $382k to $433k (+13%), an average of +3.2% a year. The sharpest change came in the year to December 2021, when income rose by 202%. Over the whole period it spent 61% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Advocare Trust Inc sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 71st percentile within FL. Charities of a similar size with the same main cause include Shelter Island Historical Society ($433k), Michigan Credit Union Foundation ($433k) and New Eyes for the Needy Inc ($433k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 27% and program service revenue 2.4% of the total. Compensation of current officers, directors and key employees was $118k (30% of expenses). Other salaries and wages came to $130k. At year end it held assets of $7.3m against liabilities of $120k, net assets of $7.2m. It reported 4 employees.