Southwest Florida Community Foundation Inc

Analysis

Southwest Florida Community Foundation Inc is a registered charity in United States, based in Fort Myers, FL. It received its IRS tax-exemption ruling in December 1976, 50 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 June 2024, Southwest Florida Community Foundation Inc reported income of $28.1m and spending of $17.3m, leaving 38% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $13.7m to $28.1m (+105%), an average of +20% a year. The sharpest change came in the year to June 2023, when income rose by 30%. Over the whole period it spent 69% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Southwest Florida Community Foundation Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within FL. Charities of a similar size with the same main cause include United Way of the Midlands ($28.1m), Jewish Funders Network ($28.2m) and Redf ($28.0m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 71% of the total. Compensation of current officers, directors and key employees was $1.0m (5.8% of expenses). Other salaries and wages came to $1.6m. At year end it held assets of $163.0m against liabilities of $7.9m, net assets of $155.1m. It reported 33 employees.