Florida Business Development Council Inc

Analysis

Florida Business Development Council Inc is a registered charity in United States, based in Miami Shores, FL. It received its IRS tax-exemption ruling in March 1987, 39 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 December 2023, Florida Business Development Council Inc reported income of $3.4m and spending of $3.2m, spending 95% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.0m to $3.4m (+12%), an average of +3.0% a year. The sharpest change came in the year to December 2021, when income rose by 16%. Over the whole period it spent 93% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Florida Business Development Council Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 91st percentile within FL. Charities of a similar size with the same main cause include River to Coast Childrens Services ($3.4m), Suffolk Community College Association Inc ($3.4m) and Alzheimers & Dementia Services of Memphis Inc ($3.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 63% and program service revenue 33% of the total. Other salaries and wages came to $1.6m. At year end it held assets of $2.5m against liabilities of $617k, net assets of $1.9m. It reported 19 employees.