Florida Citrus Sports Events Inc

Analysis

Florida Citrus Sports Events Inc is a registered charity in United States, based in Orlando, FL. It received its IRS tax-exemption ruling in August 2015, 11 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. The IRS classifies it as a supporting organisation (type ii) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending March 2023, Florida Citrus Sports Events Inc reported income of $17.2m and spending of $16.1m, spending 94% of its income. Across the 5 years on record, from March 2019 to March 2023, income fell from $20.6m to $17.2m (-17%), an average of -4.5% a year. The sharpest change came in the year to March 2022, when income rose by 85%. Over the whole period it spent 93% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Florida Citrus Sports Events Inc sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within FL. Charities of a similar size with the same main cause include Florida Strawberry Festival Inc ($17.1m), Albuquerque International Balloon Fiesta Inc ($17.2m) and National Sports Center Foundation ($17.0m).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 4.7% and program service revenue 95% of the total. Compensation of current officers, directors and key employees was $1.5m (9.4% of expenses). Other salaries and wages came to $3.2m. At year end it held assets of $25.2m against liabilities of $18.6m, net assets of $6.6m. It reported 109 employees.