Ft Squared CDC

Analysis

Ft Squared CDC is a registered charity in United States, based in Tallahassee, FL. It received its IRS tax-exemption ruling in December 2021, 5 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 (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, Ft Squared CDC reported income of $74k and spending of $28k, leaving 62% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $2,555 to $74k (+2777%), an average of +2777% a year. The sharpest change came in the year to December 2023, when income rose by 2777%. Over the whole period it spent 40% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Ft Squared CDC sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 29th percentile, and in the 32nd percentile within FL. Charities of a similar size with the same main cause include National Charity League Richardson Area Chapter ($73k), Lumberton Economic Advancement for Downtown Inc ($74k) and Growth Initiative Fund ($73k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $65k against liabilities of $20k, net assets of $45k.