The Community Foundation for Northeast Florida Inc

Analysis

The Community Foundation for Northeast Florida Inc is a registered charity in United States, based in Jacksonville, FL. It received its IRS tax-exemption ruling in October 1979, 47 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, The Community Foundation for Northeast Florida Inc reported income of $104.3m and spending of $83.1m, leaving 20% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $103.9m to $104.3m (+0.4%), an average of +0.1% a year. The sharpest change came in the year to December 2023, when income rose by 65%. Over the whole period it spent 67% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, The Community Foundation for Northeast Florida Inc sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within FL. Charities of a similar size with the same main cause include Northeast Arkansas Clinic Char Foundation Inc ($102.5m), Daffy Charitable Fund ($104.4m) and Entertainment Industry Foundation ($102.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 84% and program service revenue 0.1% of the total. Compensation of current officers, directors and key employees was $1.5m (1.8% of expenses). Other salaries and wages came to $1.6m. At year end it held assets of $655.4m against liabilities of $54.5m, net assets of $600.9m. It reported 31 employees.