The Immokalee Foundation Inc

Analysis

The Immokalee Foundation Inc is a registered charity in United States, based in Naples, FL. It received its IRS tax-exemption ruling in June 1992, 34 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 2023, The Immokalee Foundation Inc reported income of $5.5m and spending of $6.0m, spending 108% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.4m to $5.5m (+61%), an average of +13% a year. The sharpest change came in the year to June 2020, when income rose by 50%. Over the whole period it spent 86% 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 Immokalee Foundation Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 94th percentile within FL. Charities of a similar size with the same main cause include Womens Foundation of Alabama ($5.5m), Speedway Childrens Charities ($5.5m) and United Way of Denton County Inc ($5.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 112% of the total. Compensation of current officers, directors and key employees was $367k (6.1% of expenses). Other salaries and wages came to $2.3m. At year end it held assets of $16.5m against liabilities of $364k, net assets of $16.1m. It reported 256 employees.