Florida Veterans Foundation Inc

Analysis

Florida Veterans Foundation Inc is a registered charity in United States, based in Tallahassee, FL. It received its IRS tax-exemption ruling in May 2009, 17 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable 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 June 2023, Florida Veterans Foundation Inc reported income of $1.1m and spending of $671k, leaving 38% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $747k to $1.1m (+45%), an average of +9.8% a year. The sharpest change came in the year to June 2022, when income rose by 160%. Over the whole period it spent 79% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Florida Veterans Foundation Inc sits at the 79th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 82nd percentile within FL. Charities of a similar size with the same main cause include Island of Hawaii YMCA ($1.1m), Big Sur Health Center ($1.1m) and Bay Area Outreach and Recreation Program ($1.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 98% of the total. At year end it held assets of $669k against liabilities of $31k, net assets of $638k.