Longboat Key Foundation Inc

Analysis

Longboat Key Foundation Inc is a registered charity in United States, based in Longboat Key, FL. It received its IRS tax-exemption ruling in January 2020, 6 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Longboat Key Foundation Inc reported income of $555k and spending of $771k, spending 139% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $381k to $555k (+46%), an average of +46% a year. The sharpest change came in the year to December 2023, when income rose by 46%. Over the whole period it spent 90% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Longboat Key Foundation Inc sits at the 79th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 74th percentile within FL. Charities of a similar size with the same main cause include The Montpelier Center for Arts and Education Inc ($555k), Texas Golf Hall of Fame and Museum ($555k) and International Society for Human Ethology ($555k).

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 $156k against liabilities of $0, net assets of $156k.