Florida Science Olympiad Incorporated

Analysis

Florida Science Olympiad Incorporated is a registered charity in United States, based in Orlando, FL. It received its IRS tax-exemption ruling in February 2004, 22 years ago. Its declared purposes cover science and technology, 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 Science Olympiad Incorporated reported income of $77k and spending of $76k, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $102k to $77k (-25%), an average of -6.9% a year. The sharpest change came in the year to December 2020, when income dropped by 53%. Over the whole period it spent 96% 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 Science Olympiad Incorporated 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 Mansfield-Richland Area Edu FNDTN Inc ($77k), Music for Humanity ($77k) and Arts Festival Association ($77k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 0.4% and program service revenue 78% of the total. At year end it held assets of $192k against liabilities of $0, net assets of $192k.