Drive Electric Florida Inc

Analysis

Drive Electric Florida Inc is a registered charity in United States, based in Fort Lauderdale, FL. It received its IRS tax-exemption ruling in November 2019, 7 years ago. Its declared purposes cover education, which this site groups under education and training. 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 December 2023, Drive Electric Florida Inc reported income of $154k and spending of $118k, leaving 23% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income fell from $232k to $154k (-33%), an average of -18% a year. The sharpest change came in the year to December 2023, when income rose by 58%. Over the whole period it spent 74% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Drive Electric Florida Inc sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 52nd percentile within FL. Charities of a similar size with the same main cause include Gardens Edge ($154k), Parent Booster USA Inc ($154k) and Promise Kids a Future Incorporated ($154k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 43% and program service revenue 11% of the total. At year end it held assets of $295k against liabilities of $52k, net assets of $244k.