Florida Sports Foundation Incorporated

Analysis

Florida Sports Foundation Incorporated is a registered charity in United States, based in Tallahassee, FL. It received its IRS tax-exemption ruling in February 2013, 13 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 (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 2022, Florida Sports Foundation Incorporated reported income of $5.7m and spending of $6.8m, spending 121% of what it took in. Across the 4 years on record, from June 2019 to June 2022, income grew from $5.5m to $5.7m (+2.7%), an average of +0.9% a year. Over the whole period it spent 97% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Florida Sports Foundation Incorporated sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 94th percentile within FL. Charities of a similar size with the same main cause include Special Olympics Massachusetts Inc ($5.6m), The Parade Company ($5.7m) and Telluride Foundation ($5.6m).

On its Form 990 for the period ending June 2022, revenue came from contributions and grants 94% and program service revenue 5.8% of the total. Compensation of current officers, directors and key employees was $188k (2.7% of expenses). At year end it held assets of $4.9m against liabilities of $2.0m, net assets of $2.8m.