Florida Thoroughbred Charities Inc

Analysis

Florida Thoroughbred Charities Inc is a registered charity in United States, based in Ocala, FL. It received its IRS tax-exemption ruling in June 1991, 35 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Florida Thoroughbred Charities Inc reported income of $146k and spending of $52k, leaving 64% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $57k to $146k (+154%), an average of +154% a year. The sharpest change came in the year to December 2023, when income rose by 154%. Over the whole period it spent 52% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Florida Thoroughbred Charities 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 46th percentile, and in the 50th percentile within FL. Charities of a similar size with the same main cause include Kiwanis Club of Louisville Foundati on Inc ($145k), MGHPCC Holyoke Inc ($146k) and O Donnell & Friends Charities ($145k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 109% of the total. At year end it held assets of $311k against liabilities of $59, net assets of $311k.