Florida Classic Consortium Corporation

Analysis

Florida Classic Consortium Corporation is a registered charity in United States, based in Tallahassee, FL. It received its IRS tax-exemption ruling in June 2020, 6 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 March 2023, Florida Classic Consortium Corporation reported income of $4.2m and spending of $4.2m, spending 100% of its income. Across the 6 years on record, from March 2016 to March 2023, income grew from $2.6m to $4.2m (+62%), an average of +10% a year. The sharpest change came in the year to March 2022, when income rose by 785%. Over the whole period it spent 100% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Florida Classic Consortium Corporation sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 92nd percentile within FL. Charities of a similar size with the same main cause include Kandu Industries Inc ($4.2m), Erienet ($4.2m) and Women Venture ($4.2m).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 0.1% and program service revenue 100% of the total. At year end it held assets of $1.4m against liabilities of $1.3m, net assets of $113k.