Community Foundation of the Florida Keys

Analysis

Community Foundation of the Florida Keys is a registered charity in United States, based in Key West, FL. It received its IRS tax-exemption ruling in August 1997, 29 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 December 2023, Community Foundation of the Florida Keys reported income of $8.3m and spending of $3.7m, leaving 55% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $5.0m to $8.3m (+66%), an average of +14% a year. The sharpest change came in the year to December 2021, when income rose by 353%. Over the whole period it spent 53% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Community Foundation of the Florida Keys sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 95th percentile within FL. Charities of a similar size with the same main cause include Margaret and Robert Walter Foundation ($8.3m), Community Foundation Alliance Inc ($8.3m) and Community Foundation of North Central Florida Inc ($8.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 44% and program service revenue 4.2% of the total. Other salaries and wages came to $364k. At year end it held assets of $29.0m against liabilities of $5.3m, net assets of $23.7m. It reported 3 employees.