Celebration Foundation Inc

Analysis

Celebration Foundation Inc is a registered charity in United States, based in Celebration, FL. It received its IRS tax-exemption ruling in November 1998, 28 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Celebration Foundation Inc reported income of $481k and spending of $411k, spending 85% of its income. Across the 5 years on record, from September 2019 to June 2023, income fell from $656k to $481k (-27%), an average of -7.5% a year. The sharpest change came in the year to September 2022, when income dropped by 20%. Over the whole period it spent 75% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Celebration Foundation Inc sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 72nd percentile within FL. Charities of a similar size with the same main cause include Common Roots Farm ($481k), Renton Ecumenical Association of Churches ($481k) and Rotary Club of San Antonio Foundation ($481k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 34% and program service revenue 34% of the total. Other salaries and wages came to $182k. At year end it held assets of $2.3m against liabilities of $107k, net assets of $2.2m. It reported 7 employees.