Florida Presbyterian Homes Inc

Analysis

Florida Presbyterian Homes Inc is a registered charity in United States, based in Lakeland, FL. It received its IRS tax-exemption ruling in January 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Florida Presbyterian Homes Inc reported income of $17.0m and spending of $18.1m, spending 107% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $15.3m to $17.0m (+11%), an average of +2.7% a year. The sharpest change came in the year to December 2022, when income dropped by 15%. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Florida Presbyterian Homes Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within FL. Charities of a similar size with the same main cause include Community Options Enterprises Inc ($17.0m), Sober Living America Inc ($17.0m) and Assistance Unlimited Inc ($16.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.3% and program service revenue 96% of the total. Compensation of current officers, directors and key employees was $431k (2.4% of expenses). Other salaries and wages came to $6.6m. At year end it held assets of $57.6m against liabilities of $31.1m, net assets of $26.5m. It reported 335 employees.