Florida Fishing Academy Inc

Analysis

Florida Fishing Academy Inc is a registered charity in United States, based in Port St Lucie, FL. It received its IRS tax-exemption ruling in January 2007, 19 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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 September 2023, Florida Fishing Academy Inc reported income of $482k and spending of $437k, spending 91% of its income. Across the 5 years on record, from December 2019 to September 2023, income grew from $458k to $482k (+5.1%), an average of +1.3% a year. The sharpest change came in the year to September 2021, when income rose by 51%. Over the whole period it spent 87% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Florida Fishing Academy Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 72nd percentile within FL. Charities of a similar size with the same main cause include Park and Recreation Association of Sag Harbor New York Inc ($481k), Southern Maine Community Recreation Center ($482k) and Pga Reach Philadelphia ($481k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 98% and program service revenue 0.7% of the total. Compensation of current officers, directors and key employees was $106k (24% of expenses). Other salaries and wages came to $104k. At year end it held assets of $673k against liabilities of $66k, net assets of $607k. It reported 8 employees.