Florida K of C Charities Inc

Analysis

Florida K of C Charities Inc is a registered charity in United States, based in Wellington, FL. It received its IRS tax-exemption ruling in December 2000, 26 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Florida K of C Charities Inc reported income of $946k and spending of $1.1m, spending 117% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.8m to $946k (-47%), an average of -15% a year. The sharpest change came in the year to June 2022, when income rose by 42%. Over the whole period it spent 99% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Florida K of C Charities Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 81st percentile within FL. Charities of a similar size with the same main cause include Corvallis Public Schools Foundation ($946k), Community Foundation of Dunn County Inc ($946k) and Well-Spring Foundation ($945k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $2.1m against liabilities of $916, net assets of $2.1m.