Florida Strawberry Festival Inc

Analysis

Florida Strawberry Festival Inc is a registered charity in United States, based in Plant City, FL. It received its IRS tax-exemption ruling in December 1952, 74 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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 2024, Florida Strawberry Festival Inc reported income of $17.1m and spending of $13.0m, leaving 24% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $11.4m to $17.1m (+50%), an average of +11% a year. The sharpest change came in the year to June 2022, when income rose by 87%. Over the whole period it spent 82% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Florida Strawberry Festival Inc sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within FL. Charities of a similar size with the same main cause include National Sports Center Foundation ($17.0m), Florida Citrus Sports Events Inc ($17.2m) and Jays Care Foundation ($16.8m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 0.8% and program service revenue 95% of the total. Compensation of current officers, directors and key employees was $384k (2.9% of expenses). Other salaries and wages came to $2.4m. At year end it held assets of $45.9m against liabilities of $85k, net assets of $45.8m. It reported 569 employees.