Historic Florence Foundation Inc

Analysis

Historic Florence Foundation Inc is a registered charity in United States, based in Florence, AZ. It received its IRS tax-exemption ruling in October 2020, 6 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Historic Florence Foundation Inc reported income of $79k and spending of $74k, spending 93% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $127k to $79k (-38%), an average of -38% a year. The sharpest change came in the year to December 2023, when income dropped by 38%. Over the whole period it spent 87% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Historic Florence Foundation Inc sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 31st percentile, and in the 28th percentile within AZ. Charities of a similar size with the same main cause include Golden Goose Club Inc ($79k), Junior League of Lynchburg Va ($79k) and Avon Grove Lions Club Inc ($79k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 25% and program service revenue 76% of the total. At year end it held assets of $32k against liabilities of $3,298, net assets of $29k.