Celebrities for Charity Inc

Analysis

Celebrities for Charity Inc is a registered charity in United States, based in Destin, FL. It received its IRS tax-exemption ruling in May 2021, 5 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Celebrities for Charity Inc reported income of $107k and spending of $89k, spending 83% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $80k to $107k (+34%), an average of +34% a year. The sharpest change came in the year to December 2023, when income rose by 34%. Over the whole period it spent 90% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Celebrities for Charity Inc sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 42nd percentile within FL. Charities of a similar size with the same main cause include Ohio Sled Hockey Inc ($107k), Instepp Inc ($107k) and Houlton Fair Association ($107k).

At year end it held assets of $66k against liabilities of $0, net assets of $66k.