Florida Independence Training & Education Center Inc

Analysis

Florida Independence Training & Education Center Inc is a registered charity in United States, based in Ft Lauderdale, FL. It received its IRS tax-exemption ruling in August 2010, 16 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 Independence Training & Education Center Inc reported income of $5.0m and spending of $5.2m, spending 104% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.7m to $5.0m (+200%), an average of +32% a year. The sharpest change came in the year to December 2022, when income rose by 55%. Over the whole period it spent 99% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Florida Independence Training & Education Center Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 93rd percentile within FL. Charities of a similar size with the same main cause include Prospect Congregate Housing Inc ($5.0m), Sco Foundation ($5.0m) and Lott Industries Inc ($5.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% of the total. Compensation of current officers, directors and key employees was $1.3m (25% of expenses). Other salaries and wages came to $1.6m. At year end it held assets of $1.9m against liabilities of $1.5m, net assets of $431k. It reported 50 employees.