Islamorada Foundation Inc

Analysis

Islamorada Foundation Inc is a registered charity in United States, based in Islamorada, FL. It received its IRS tax-exemption ruling in January 2011, 15 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, Islamorada Foundation Inc reported income of $501k and spending of $86k, leaving 83% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $305k to $501k (+64%), an average of +13% a year. The sharpest change came in the year to December 2022, when income rose by 104%. Over the whole period it spent 16% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Islamorada Foundation Inc sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 73rd percentile within FL. Charities of a similar size with the same main cause include Housing Sponsorship Corporation ($501k), Build Our Lives Together Inc ($502k) and Brooklyn Bridge Manhattan ($501k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 92% and program service revenue 1.2% of the total. At year end it held assets of $3.5m against liabilities of $0, net assets of $3.5m.