Florida Bandmasters Association Inc

Analysis

Florida Bandmasters Association Inc is a registered charity in United States, based in Pembroke Pnes, FL. It received its IRS tax-exemption ruling in March 1990, 36 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 June 2024, Florida Bandmasters Association Inc reported income of $1.9m and spending of $1.8m, spending 95% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $1.6m to $1.9m (+18%), an average of +3.4% a year. The sharpest change came in the year to June 2022, when income rose by 211%. Over the whole period it spent 99% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Florida Bandmasters Association Inc sits at the 85th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 87th percentile within FL. Charities of a similar size with the same main cause include Green Foothills Foundation ($1.9m), World Trade Center Institute Inc ($1.9m) and Bnai Brith House of Reading Inc ($1.9m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 1.3% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $78k (4.3% of expenses). At year end it held assets of $507k against liabilities of $0, net assets of $507k. It reported 1 employees.