Citrus County Education Foundation Inc

Analysis

Citrus County Education Foundation Inc is a registered charity in United States, based in Inverness, FL. It received its IRS tax-exemption ruling in October 1992, 34 years ago. Its declared purposes cover education, which this site groups under education and training. 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 2023, Citrus County Education Foundation Inc reported income of $1.1m and spending of $1.1m, spending 101% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $520k to $1.1m (+111%), an average of +20% a year. The sharpest change came in the year to June 2022, when income rose by 48%. Over the whole period it spent 82% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Citrus County Education Foundation Inc sits at the 77th percentile: it is larger than about 76% 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 Alpha Sigma Phi Foundation Inc ($1.1m), Ace Foundation Inc ($1.1m) and PTA of PS 261k ($1.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 79% of the total. Other salaries and wages came to $207k. At year end it held assets of $895k against liabilities of $1,114, net assets of $894k. It reported 6 employees.