Florida Citrus Research Foundation Inc

Analysis

Florida Citrus Research Foundation Inc is a registered charity in United States, based in Maitland, FL. It received its IRS tax-exemption ruling in August 1963, 63 years ago. Its declared purposes cover food, agriculture and nutrition, which this site groups under poverty relief. 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 Citrus Research Foundation Inc reported income of $415k and spending of $97k, leaving 77% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $64k to $415k (+554%), an average of +60% a year. The sharpest change came in the year to June 2023, when income rose by 1092%. Over the whole period it spent 64% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Florida Citrus Research Foundation Inc sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 70th percentile within FL. Charities of a similar size with the same main cause include Mayfest Chicago NFP ($415k), Home for Awhile Golf Tournament Inc ($415k) and Palmetto Family Council ($415k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 91% and program service revenue 8.6% of the total. Other salaries and wages came to $44k. At year end it held assets of $916k against liabilities of $155k, net assets of $761k. It reported 2 employees.