Building Officials Association of Florida Inc

Analysis

Building Officials Association of Florida Inc is a registered charity in United States, based in Deltona, FL. It received its IRS tax-exemption ruling in May 2017, 9 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 December 2022, Building Officials Association of Florida Inc reported income of $828k and spending of $740k, spending 89% of its income. Across the 5 years on record, from December 2016 to December 2022, income grew from $594k to $828k (+39%), an average of +8.6% a year. The sharpest change came in the year to December 2021, when income rose by 38%. Over the whole period it spent 86% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Building Officials Association of Florida Inc sits at the 75th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 79th percentile within FL. Charities of a similar size with the same main cause include Abilities Unlimited of Magnolia Ark Inc ($827k), Niagara University Ice Complex Inc ($829k) and Redwood City Improvement Association ($827k).

On its Form 990 for the period ending December 2022, revenue came from program service revenue 96% of the total. Compensation of current officers, directors and key employees was $97k (13% of expenses). Other salaries and wages came to $136k. At year end it held assets of $928k against liabilities of $0, net assets of $928k. It reported 4 employees.