Deering Estate Foundation Inc

Analysis

Deering Estate Foundation Inc is a registered charity in United States, based in Palmetto Bay, FL. It received its IRS tax-exemption ruling in December 1989, 37 years ago. 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 September 2023, Deering Estate Foundation Inc reported income of $849k and spending of $924k, spending 109% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income fell from $855k to $849k (-0.8%), an average of -0.2% a year. The sharpest change came in the year to September 2021, when income rose by 21%. Over the whole period it spent 107% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Deering Estate Foundation Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 79th percentile within FL. Charities of a similar size with the same main cause include Broughton Volunteer Fire Department ($849k), Foundation for School for Young Children at Univ of Saint Thomas ($849k) and Boys & Girls Clubs of the Black Hills ($848k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 85% of the total. Compensation of current officers, directors and key employees was $110k (12% of expenses). Other salaries and wages came to $168k. At year end it held assets of $7.6m against liabilities of $154k, net assets of $7.4m. It reported 5 employees.