Hearing and Speech Center of Florida Inc

Analysis

Hearing and Speech Center of Florida Inc is a registered charity in United States, based in Miami, FL. It received its IRS tax-exemption ruling in August 1972, 54 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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, Hearing and Speech Center of Florida Inc reported income of $1.8m and spending of $1.4m, leaving 24% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.7m to $1.8m (+3.7%), an average of +0.9% a year. The sharpest change came in the year to June 2022, when income rose by 37%. Over the whole period it spent 79% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Hearing and Speech Center of Florida Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 87th percentile within FL. Charities of a similar size with the same main cause include Alabama Institute for Deaf and Blind Foundation Inc ($1.8m), Victory Houston Inc ($1.8m) and Friends in Need Inc Health Center ($1.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 14% and program service revenue 85% of the total. Compensation of current officers, directors and key employees was $233k (17% of expenses). Other salaries and wages came to $606k. At year end it held assets of $4.2m against liabilities of $1.5m, net assets of $2.7m. It reported 26 employees.