Florida Council of Independent Schools

Analysis

Florida Council of Independent Schools is a registered charity in United States, based in Tampa, FL. It received its IRS tax-exemption ruling in March 1957, 69 years ago. 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 2024, Florida Council of Independent Schools reported income of $1.9m and spending of $1.7m, spending 88% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $1.5m to $1.9m (+26%), an average of +6.0% a year. The sharpest change came in the year to June 2024, when income rose by 29%. Over the whole period it spent 85% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Florida Council of Independent Schools sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 87th percentile within FL. Charities of a similar size with the same main cause include Verde Valley Manor Retirement Center ($1.9m), Voces Unidas de Las Montanas ($1.9m) and New Orleans Youth Alliance ($1.9m).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 93% of the total. Compensation of current officers, directors and key employees was $415k (25% of expenses). Other salaries and wages came to $465k. At year end it held assets of $4.2m against liabilities of $835k, net assets of $3.4m. It reported 5 employees.