Florence Villa Community Development Corporation

Analysis

Florence Villa Community Development Corporation is a registered charity in United States, based in Winter Haven, FL. It received its IRS tax-exemption ruling in April 1997, 29 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Florence Villa Community Development Corporation reported income of $352k and spending of $298k, spending 85% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $643k to $352k (-45%), an average of -14% a year. The sharpest change came in the year to June 2020, when income rose by 363%. Over the whole period it spent 47% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Florence Villa Community Development Corporation 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 65th percentile, and in the 67th percentile within FL. Charities of a similar size with the same main cause include Hope Missions of the Upstate ($352k), Bais Medrash of Rockland County Inc ($353k) and Hope International ($352k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 25% and program service revenue 27% of the total. Compensation of current officers, directors and key employees was $75k (25% of expenses). Other salaries and wages came to $68k. At year end it held assets of $2.8m against liabilities of $297k, net assets of $2.5m. It reported 8 employees.