Frostproof Care Center Inc

Analysis

Frostproof Care Center Inc is a registered charity in United States, based in Frostproof, FL. It received its IRS tax-exemption ruling in May 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 June 2024, Frostproof Care Center Inc reported income of $378k and spending of $378k, spending 100% of its income. Across the 5 years on record, from June 2020 to June 2024, income fell from $464k to $378k (-18%), an average of -5.0% a year. The sharpest change came in the year to June 2021, when income dropped by 18%. Over the whole period it spent 95% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Frostproof Care Center Inc sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 68th percentile within FL. Charities of a similar size with the same main cause include New Life Thrift Store ($378k), Grayhawk Classic Residents Foundation ($378k) and Sanctuary Life Inc ($378k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 57% and program service revenue 43% of the total. Other salaries and wages came to $184k. At year end it held assets of $569k against liabilities of $3,679, net assets of $565k. It reported 9 employees.