Thomas Edison and Henry Ford Winter Estates Inc

Analysis

Thomas Edison and Henry Ford Winter Estates Inc is a registered charity in United States, based in Fort Myers, FL. It received its IRS tax-exemption ruling in September 2005, 21 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 (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, Thomas Edison and Henry Ford Winter Estates Inc reported income of $4.3m and spending of $4.9m, spending 113% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income fell from $6.0m to $4.3m (-28%), an average of -7.9% a year. The sharpest change came in the year to September 2023, when income dropped by 32%. Over the whole period it spent 95% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Thomas Edison and Henry Ford Winter Estates Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 92nd percentile within FL. Charities of a similar size with the same main cause include Morrison Theatre Company ($4.3m), Indian American Community Services ($4.3m) and San Diego Volunteer Lawyer Program Inc ($4.3m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 3.6% and program service revenue 82% of the total. Compensation of current officers, directors and key employees was $283k (5.8% of expenses). Other salaries and wages came to $1.9m. At year end it held assets of $6.0m against liabilities of $600k, net assets of $5.4m. It reported 105 employees.