Florida Library Association Inc

Analysis

Florida Library Association Inc is a registered charity in United States, based in Tallahassee, FL. It received its IRS tax-exemption ruling in November 1966, 60 years ago. Its declared purposes cover education, which this site groups under education and training. 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 Library Association Inc reported income of $387k and spending of $438k, spending 113% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $380k to $387k (+1.9%), an average of +0.5% a year. The sharpest change came in the year to December 2020, when income dropped by 23%. Over the whole period it spent 115% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Florida Library Association Inc sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 69th percentile within FL. Charities of a similar size with the same main cause include Atmospheric Vehicle and Spacecraft Flight Exploration ($387k), The Lincoln Institute ($387k) and Friends of Solar Prep ($387k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 53% and program service revenue 47% of the total. Compensation of current officers, directors and key employees was $81k (18% of expenses). Other salaries and wages came to $22k. At year end it held assets of $228k against liabilities of $114k, net assets of $114k. It reported 2 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.