Florida Keys History and Discovery Foundation

Analysis

Florida Keys History and Discovery Foundation is a registered charity in United States, based in Islamorada, FL. It received its IRS tax-exemption ruling in January 2014, 12 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 Keys History and Discovery Foundation reported income of $476k and spending of $581k, spending 122% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $442k to $476k (+7.7%), an average of +2.5% a year. The sharpest change came in the year to June 2022, when income rose by 32%. Over the whole period it spent 112% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Florida Keys History and Discovery Foundation sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 72nd percentile within FL. Charities of a similar size with the same main cause include Renaissance Music Academy of Virginia ($475k), Museum of the American G I Inc ($476k) and Kantorei ($475k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 40% and program service revenue 51% of the total. Compensation of current officers, directors and key employees was $86k (15% of expenses). Other salaries and wages came to $75k. At year end it held assets of $670k against liabilities of $492k, net assets of $178k. It reported 10 employees.