Friends of Koreshan State Park Inc

Analysis

Friends of Koreshan State Park Inc is a registered charity in United States, based in Estero, FL. It received its IRS tax-exemption ruling in May 1992, 34 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Friends of Koreshan State Park Inc reported income of $107k and spending of $55k, leaving 49% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $81k to $107k (+33%), an average of +7.4% a year. The sharpest change came in the year to December 2021, when income rose by 41%. Over the whole period it spent 91% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Friends of Koreshan State Park Inc sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 42nd percentile within FL. Charities of a similar size with the same main cause include Ivory Tower Inc ($107k), Friends of Cass County Casa Program ($107k) and Sarasota County Sheriffs Office Charitable Foundation Inc ($107k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 34% and program service revenue 54% of the total. At year end it held assets of $152k against liabilities of $223, net assets of $152k.