Friends of Raymond James Inc

Analysis

Friends of Raymond James Inc is a registered charity in United States, based in St Petersburg, FL. It received its IRS tax-exemption ruling in August 2003, 23 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, Friends of Raymond James Inc reported income of $325k and spending of $310k, spending 95% of its income. Across the 6 years on record, from September 2019 to December 2023, income grew from $270k to $325k (+21%), an average of +3.8% a year. The sharpest change came in the year to December 2022, when income rose by 183%. Over the whole period it spent 80% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Friends of Raymond James Inc sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 66th percentile within FL. Charities of a similar size with the same main cause include Women Are Dreamers Too ($325k), Bridge of Storm Lake ($325k) and Hope Meadows ($325k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 72% of the total. At year end it held assets of $932k against liabilities of $0, net assets of $932k.