Florida West Coast Public Broadcasting Inc

Analysis

Florida West Coast Public Broadcasting Inc is a registered charity in United States, based in Tampa, FL. It received its IRS tax-exemption ruling in May 1959, 67 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 September 2023, Florida West Coast Public Broadcasting Inc reported income of $16.4m and spending of $12.6m, leaving 23% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income grew from $11.6m to $16.4m (+41%), an average of +9.0% a year. The sharpest change came in the year to September 2021, when income rose by 38%. Over the whole period it spent 76% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Florida West Coast Public Broadcasting Inc sits at the 99th percentile: it is larger than about 99% 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 Marcus Center for the Performing Arts Inc ($16.4m), The Narbha Institute ($16.5m) and Theatre Development Fund Inc ($16.3m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 80% and program service revenue 6.8% of the total. Compensation of current officers, directors and key employees was $841k (6.7% of expenses). Other salaries and wages came to $3.2m. At year end it held assets of $43.4m against liabilities of $1.9m, net assets of $41.5m. It reported 55 employees.