Florida Association of Rehabilitation Facilities Inc

Analysis

Florida Association of Rehabilitation Facilities Inc is a registered charity in United States, based in Tallahassee, FL. It received its IRS tax-exemption ruling in November 1978, 48 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 September 2023, Florida Association of Rehabilitation Facilities Inc reported income of $62.3m and spending of $60.1m, spending 97% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $33.0m to $62.3m (+89%), an average of +17% a year. The sharpest change came in the year to September 2022, when income rose by 35%. Over the whole period it spent 98% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Florida Association of Rehabilitation Facilities Inc sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within FL. Charities of a similar size with the same main cause include BHS Management Services Inc ($61.9m), Rcap Solutions Inc ($62.5m) and El Camino Real Alliance ($61.8m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 1.1% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $364k (0.6% of expenses). Other salaries and wages came to $820k. At year end it held assets of $18.9m against liabilities of $12.8m, net assets of $6.1m. It reported 17 employees.