Society of Colonial Wars in the State of Florida

Analysis

Society of Colonial Wars in the State of Florida is a registered charity in United States, based in Palm Beach, FL. It received its IRS tax-exemption ruling in January 1985, 41 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, Society of Colonial Wars in the State of Florida reported income of $291k and spending of $294k, spending 101% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $245k to $291k (+19%), an average of +4.4% a year. The sharpest change came in the year to September 2022, when income rose by 636%. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Society of Colonial Wars in the State of Florida sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 64th percentile within FL. Charities of a similar size with the same main cause include St Louis Artists Guild ($291k), Mother Teresa Foundation Inc ($291k) and Calvary Cemetery Association ($291k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 24% and program service revenue 76% of the total. At year end it held assets of $211k against liabilities of $0, net assets of $211k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.