Florida Is for Veterans Inc

Analysis

Florida Is for Veterans Inc is a registered charity in United States, based in Tallahassee, FL. It received its IRS tax-exemption ruling in November 2014, 12 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. 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 2023, Florida Is for Veterans Inc reported income of $3.3m and spending of $3.3m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.4m to $3.3m (+36%), an average of +8.0% a year. The sharpest change came in the year to June 2023, when income rose by 55%. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Florida Is for Veterans Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 91st percentile within FL. Charities of a similar size with the same main cause include Family Support Services of West Haw Aii ($3.3m), Fellowship Place Inc ($3.3m) and International Institute for Conflict Prevention and Resolution ($3.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $102k (3.1% of expenses). Other salaries and wages came to $784k. At year end it held assets of $757k against liabilities of $170k, net assets of $587k. It reported 17 employees.