Community Foundation of North Central Florida Inc

Analysis

Community Foundation of North Central Florida Inc is a registered charity in United States, based in Gainesville, FL. It received its IRS tax-exemption ruling in January 1999, 27 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 December 2023, Community Foundation of North Central Florida Inc reported income of $8.3m and spending of $5.7m, leaving 31% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $4.0m to $8.3m (+106%), an average of +20% a year. The sharpest change came in the year to December 2023, when income rose by 39%. Over the whole period it spent 76% 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 North Central Florida Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 95th percentile within FL. Charities of a similar size with the same main cause include United Way-Mccormick Partnership for Strong Neighborhoods Inc ($8.2m), Margaret and Robert Walter Foundation ($8.3m) and Newthreads of Hope Inc ($8.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 59% and program service revenue 1.7% of the total. Compensation of current officers, directors and key employees was $140k (2.4% of expenses). Other salaries and wages came to $151k. At year end it held assets of $30.2m against liabilities of $7.1m, net assets of $23.2m. It reported 9 employees.