Florida Philanthropic Network Inc

Analysis

Florida Philanthropic Network Inc is a registered charity in United States, based in Tampa, FL. It received its IRS tax-exemption ruling in December 2004, 22 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 December 2023, Florida Philanthropic Network Inc reported income of $2.5m and spending of $2.0m, spending 82% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $838k to $2.5m (+196%), an average of +31% a year. The sharpest change came in the year to December 2023, when income rose by 51%. Over the whole period it spent 89% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Florida Philanthropic Network Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 89th percentile within FL. Charities of a similar size with the same main cause include Partners in Care Maryland Inc ($2.5m), Denver Metro Chamber Leadership Foundation ($2.5m) and United Way of the Valley & Greater Utica Area Inc ($2.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 80% and program service revenue 19% of the total. Compensation of current officers, directors and key employees was $162k (7.9% of expenses). Other salaries and wages came to $82k. At year end it held assets of $2.7m against liabilities of $1.6m, net assets of $1.1m. It reported 2 employees.