Float Hope of Indian River County Inc

Analysis

Float Hope of Indian River County Inc is a registered charity in United States, based in Vero Beach, FL. It received its IRS tax-exemption ruling in June 2017, 9 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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, Float Hope of Indian River County Inc reported income of $240k and spending of $205k, spending 85% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $217k to $240k (+11%), an average of +11% a year. Over the whole period it spent 84% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Float Hope of Indian River County Inc sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 61st percentile within FL. Charities of a similar size with the same main cause include Westchester Science and Engineering Fair Inc ($240k), Rancho Trabuco Girls Softball Association ($240k) and Petaluma Phoenix Center Inc ($240k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $126k against liabilities of $0, net assets of $126k.