Florida School of Preaching

Analysis

Florida School of Preaching is a registered charity in United States, based in Lakeland, FL. It received its IRS tax-exemption ruling in March 1974, 52 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Florida School of Preaching reported income of $969k and spending of $482k, leaving 50% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $422k to $969k (+130%), an average of +23% a year. The sharpest change came in the year to June 2023, when income rose by 68%. Over the whole period it spent 74% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Florida School of Preaching sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 81st percentile within FL. Charities of a similar size with the same main cause include American Friends of Combatants for Peace Inc ($969k), Friends of Golden Door Charter School Inc ($969k) and All Brothers in Christ ($969k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 96% of the total. Compensation of current officers, directors and key employees was $112k (23% of expenses). Other salaries and wages came to $107k. At year end it held assets of $1.6m against liabilities of $6,048, net assets of $1.6m. It reported 13 employees.