Florida Vocal Association Incorporated

Analysis

Florida Vocal Association Incorporated is a registered charity in United States, based in Jacksonville, FL. It received its IRS tax-exemption ruling in November 2005, 21 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 June 2023, Florida Vocal Association Incorporated reported income of $474k and spending of $513k, spending 108% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $408k to $474k (+16%), an average of +5.1% a year. The sharpest change came in the year to June 2022, when income rose by 150%. Over the whole period it spent 105% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Florida Vocal Association Incorporated sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 72nd percentile within FL. Charities of a similar size with the same main cause include Arts Hub ($474k), Pan American Dance Foundation Inc ($474k) and Wise Fool New Mexico ($474k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 11% and program service revenue 88% of the total. Compensation of current officers, directors and key employees was $40k (7.8% of expenses). At year end it held assets of $190k against liabilities of $5,150, net assets of $185k.