Scottish American Society of South Florida

Analysis

Scottish American Society of South Florida is a registered charity in United States, based in Plantation, FL. It received its IRS tax-exemption ruling in February 2014, 12 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 July 2023, Scottish American Society of South Florida reported income of $105k and spending of $112k, spending 107% of what it took in. Across the 2 years on record, from July 2022 to July 2023, income fell from $140k to $105k (-25%), an average of -25% a year. The sharpest change came in the year to July 2023, when income dropped by 25%. Over the whole period it spent 96% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Scottish American Society of South Florida sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 42nd percentile within FL. Charities of a similar size with the same main cause include Berwick Theater and Center for Community Arts Inc ($105k), Origin Project Incorporated ($105k) and Midland Street Merchants Association ($105k).

On its Form 990-EZ for the period ending July 2023, revenue came from contributions and grants 26% and program service revenue 67% of the total. At year end it held assets of $83k against liabilities of $3,442, net assets of $79k.