Floridamakes Inc

Analysis

Floridamakes Inc is a registered charity in United States, based in Orlando, FL. It received its IRS tax-exemption ruling in September 2011, 15 years ago. Its declared purposes cover education, which this site groups under education and training. 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 2022, Floridamakes Inc reported income of $8.6m and spending of $8.6m, spending 100% of its income. Across the 4 years on record, from December 2019 to December 2022, income grew from $7.1m to $8.6m (+21%), an average of +6.6% a year. The sharpest change came in the year to December 2021, when income rose by 35%. Over the whole period it spent 100% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Floridamakes Inc sits at the 93rd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 95th percentile within FL. Charities of a similar size with the same main cause include Basic Fund ($8.6m), A Wider Circle Inc ($8.6m) and Guilford Charter Development Inc ($8.6m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 67% and program service revenue 33% of the total. Compensation of current officers, directors and key employees was $752k (8.7% of expenses). Other salaries and wages came to $3.8m. At year end it held assets of $1.5m against liabilities of $1.3m, net assets of $182k. It reported 54 employees.