Florida Medical Practice Plan Inc

Analysis

Florida Medical Practice Plan Inc is a registered charity in United States, based in Tallahassee, FL. It received its IRS tax-exemption ruling in August 2008, 18 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Florida Medical Practice Plan Inc reported income of $10.9m and spending of $12.2m, spending 111% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $6.2m to $10.9m (+75%), an average of +15% a year. The sharpest change came in the year to June 2023, when income rose by 26%. Over the whole period it spent 107% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Florida Medical Practice Plan Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 96th percentile within FL. Charities of a similar size with the same main cause include Great Western Academy ($10.9m), California Crosspoint High School ($10.9m) and West Virginia University Dental Corporation ($10.9m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 97% of the total. Other salaries and wages came to $7.4m. At year end it held assets of $4.9m against liabilities of $4.2m, net assets of $698k. It reported 157 employees.