Florida United Numismatists Inc

Analysis

Florida United Numismatists Inc is a registered charity in United States, based in St Johns, FL. It received its IRS tax-exemption ruling in June 1990, 36 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Florida United Numismatists Inc reported income of $1.5m and spending of $1.3m, spending 86% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.2m to $1.5m (+24%), an average of +5.5% a year. The sharpest change came in the year to June 2022, when income rose by 297%. Over the whole period it spent 102% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Florida United Numismatists 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 83rd percentile, and in the 85th percentile within FL. Charities of a similar size with the same main cause include Olathe Soccer Club Inc ($1.5m), Gabl Youth Sports Foundation Inc ($1.5m) and Chicago Pegasus Inc ($1.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 3.7% and program service revenue 91% of the total. Compensation of current officers, directors and key employees was $15k (1.2% of expenses). Other salaries and wages came to $112k. At year end it held assets of $2.1m against liabilities of $0, net assets of $2.1m. It reported 2 employees.