Community Foundation of South Lake County Inc

Analysis

Community Foundation of South Lake County Inc is a registered charity in United States, based in Clermont, FL. It received its IRS tax-exemption ruling in April 1996, 30 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Community Foundation of South Lake County Inc reported income of $1.7m and spending of $1.2m, leaving 31% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income grew from $1.2m to $1.7m (+38%), an average of +8.3% a year. The sharpest change came in the year to September 2020, when income rose by 89%. Over the whole period it spent 53% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Community Foundation of South Lake County Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 86th percentile within FL. Charities of a similar size with the same main cause include Foundation for Ethnic Understanding ($1.7m), Carlsbad Community Foundation Inc ($1.7m) and Land of the Free Foundation ($1.7m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 37% of the total. Other salaries and wages came to $222k. At year end it held assets of $18.6m against liabilities of $852k, net assets of $17.8m. It reported 2 employees.