Florida Taxwatch Research Institute Inc

Analysis

Florida Taxwatch Research Institute Inc is a registered charity in United States, based in Tallahassee, FL. It received its IRS tax-exemption ruling in September 1980, 46 years ago. 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 September 2022, Florida Taxwatch Research Institute Inc reported income of $2.8m and spending of $2.3m, spending 82% of its income. Across the 4 years on record, from September 2019 to September 2022, income grew from $2.3m to $2.8m (+21%), an average of +6.7% a year. The sharpest change came in the year to September 2022, when income rose by 19%. 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 Taxwatch Research Institute Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 90th percentile within FL. Charities of a similar size with the same main cause include Future Farmers of America and Its State Associations & Local Chapter ($2.8m), World Institute on Disability ($2.8m) and Operation Lifesaver Inc ($2.8m).

On its Form 990 for the period ending September 2022, revenue came from contributions and grants 92% and program service revenue 7.7% of the total. Compensation of current officers, directors and key employees was $544k (24% of expenses). Other salaries and wages came to $899k. At year end it held assets of $4.2m against liabilities of $214k, net assets of $4.0m. It reported 14 employees.