Central Florida Speech and Hearing Center

Analysis

Central Florida Speech and Hearing Center is a registered charity in United States, based in Lakeland, FL. It received its IRS tax-exemption ruling in August 1974, 52 years ago. 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, Central Florida Speech and Hearing Center reported income of $2.6m and spending of $2.5m, spending 96% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $2.0m to $2.6m (+29%), an average of +8.9% a year. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Central Florida Speech and Hearing Center sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 89th percentile within FL. Charities of a similar size with the same main cause include Performing Groups for Youth ($2.6m), Washington Campus Inc ($2.6m) and City Mission of Findlay Ohio ($2.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 24% and program service revenue 61% of the total. Compensation of current officers, directors and key employees was $113k (4.5% of expenses). Other salaries and wages came to $1.5m. At year end it held assets of $3.4m against liabilities of $1.5m, net assets of $2.0m. It reported 35 employees.