Cuban Club Foundation Inc

Analysis

Cuban Club Foundation Inc is a registered charity in United States, based in Tampa, FL. It received its IRS tax-exemption ruling in April 1997, 29 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 December 2023, Cuban Club Foundation Inc reported income of $1.1m and spending of $926k, spending 86% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $725k to $1.1m (+49%), an average of +10% a year. The sharpest change came in the year to December 2021, when income rose by 207%. Over the whole period it spent 67% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Cuban Club Foundation Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 82nd percentile within FL. Charities of a similar size with the same main cause include Newbo City Market ($1.1m), Revtech Labs Foundation ($1.1m) and Vital Link Education-Business Consortium ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 30% and program service revenue 70% of the total. At year end it held assets of $5.5m against liabilities of $144k, net assets of $5.4m.