Florida 1 27 Incorporated

Analysis

Florida 1 27 Incorporated is a registered charity in United States, based in Temple Terrace, FL. It received its IRS tax-exemption ruling in February 2015, 11 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 2023, Florida 1 27 Incorporated reported income of $322k and spending of $469k, spending 146% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $494k to $322k (-35%), an average of -35% a year. The sharpest change came in the year to December 2023, when income dropped by 35%. Over the whole period it spent 101% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Florida 1 27 Incorporated sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 66th percentile within FL. Charities of a similar size with the same main cause include Mittens for Detroit Inc ($322k), Asian Corporate and Entrepreneur Leaders ($322k) and Colfax County Senior Citizens Services ($322k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 44% and program service revenue 56% of the total. Other salaries and wages came to $261k. At year end it held assets of $23k against liabilities of $14k, net assets of $9,403.