Ann Storck Center Inc

Analysis

Ann Storck Center Inc is a registered charity in United States, based in Ft Lauderdale, FL. It received its IRS tax-exemption ruling in May 1982, 44 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 2023, Ann Storck Center Inc reported income of $20.1m and spending of $19.2m, spending 95% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $15.0m to $20.1m (+34%), an average of +7.7% a year. The sharpest change came in the year to September 2023, when income rose by 34%. Over the whole period it spent 94% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Ann Storck Center Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within FL. Charities of a similar size with the same main cause include Hopelink Behavioral Health ($20.1m), Valley Health Care Inc ($20.1m) and Boone Center Inc ($20.1m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 4.6% and program service revenue 95% of the total. Compensation of current officers, directors and key employees was $49k (0.3% of expenses). Other salaries and wages came to $11.6m. At year end it held assets of $12.6m against liabilities of $2.2m, net assets of $10.4m. It reported 373 employees.