South Florida Institute on Aging Inc

Analysis

South Florida Institute on Aging Inc is a registered charity in United States, based in Ft Lauderdale, FL. It received its IRS tax-exemption ruling in August 1972, 54 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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, South Florida Institute on Aging Inc reported income of $1.6m and spending of $1.6m, spending 101% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $2.0m to $1.6m (-18%), an average of -4.9% a year. The sharpest change came in the year to June 2023, when income dropped by 29%. Over the whole period it spent 98% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, South Florida Institute on Aging 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 84th percentile, and in the 86th percentile within FL. Charities of a similar size with the same main cause include Red River Community Corps Inc ($1.6m), Boys and Girls Club of Cape Cod Inc ($1.6m) and Access Youth Academy ($1.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $108k (6.7% of expenses). Other salaries and wages came to $527k. At year end it held assets of $507k against liabilities of $271k, net assets of $237k. It reported 39 employees.