Historical Association of Southern Florida Inc

Analysis

Historical Association of Southern Florida Inc is a registered charity in United States, based in Miami, FL. It received its IRS tax-exemption ruling in January 1953, 73 years ago. 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 September 2023, Historical Association of Southern Florida Inc reported income of $4.0m and spending of $4.6m, spending 116% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income fell from $5.4m to $4.0m (-27%), an average of -7.6% a year. The sharpest change came in the year to September 2021, when income dropped by 35%. Over the whole period it spent 101% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Historical Association of Southern Florida Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 92nd percentile within FL. Charities of a similar size with the same main cause include Holly Grove Christian School Inc ($4.0m), Camp Leelanau and Kohahna Foundation Inc ($4.0m) and Golf Brevard Inc ($3.9m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 89% and program service revenue 7.3% of the total. Compensation of current officers, directors and key employees was $578k (13% of expenses). Other salaries and wages came to $1.9m. At year end it held assets of $3.1m against liabilities of $536k, net assets of $2.5m. It reported 70 employees.