Florida Woodturning Symposium Inc

Analysis

Florida Woodturning Symposium Inc is a registered charity in United States, based in Ocala, FL. It received its IRS tax-exemption ruling in May 2017, 9 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Florida Woodturning Symposium Inc reported income of $76k and spending of $50k, leaving 34% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $39k to $76k (+95%), an average of +95% a year. The sharpest change came in the year to December 2023, when income rose by 95%. Over the whole period it spent 85% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Florida Woodturning Symposium Inc sits at the 33rd percentile: it is larger than about 33% of them. Against every charity in United States with reported income it ranks in the 30th percentile, and in the 33rd percentile within FL. Charities of a similar size with the same main cause include Gilboa Historical Society ($76k), Massachusetts Ahiskan Turkish Association Inc ($76k) and Flockworks ($76k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 1.1% and program service revenue 73% of the total. At year end it held assets of $99k against liabilities of $0, net assets of $99k.