Schoenstatt Movement of Florida Inc

Analysis

Schoenstatt Movement of Florida Inc is a registered charity in United States, based in Miami, FL. It received its IRS tax-exemption ruling in May 2014, 12 years ago. 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, Schoenstatt Movement of Florida Inc reported income of $190k and spending of $121k, leaving 36% of income unspent that year. Across the 4 years on record, from December 2019 to December 2022, income grew from $130k to $190k (+46%), an average of +14% a year. The sharpest change came in the year to December 2022, when income rose by 99%. Over the whole period it spent 73% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Schoenstatt Movement of Florida Inc sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 56th percentile within FL. Charities of a similar size with the same main cause include Capital City Coalition NFP Inc ($190k), Utah Library Association ($190k) and Musselshell County Council on Aging Inc ($190k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 83% of the total. At year end it held assets of $823k against liabilities of $0, net assets of $823k.