Florida Association of Student Financial Aid Administrators Inc

Analysis

Florida Association of Student Financial Aid Administrators Inc is a registered charity in United States, based in Saint Petersburg, FL. It received its IRS tax-exemption ruling in October 1984, 42 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 Association of Student Financial Aid Administrators Inc reported income of $211k and spending of $204k, spending 97% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $121k to $211k (+74%), an average of +15% a year. The sharpest change came in the year to June 2022, when income rose by 56%. Over the whole period it spent 88% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Florida Association of Student Financial Aid Administrators Inc sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 58th percentile within FL. Charities of a similar size with the same main cause include Costilla County Economic Development Council Inc ($211k), The American Friends of the GWPF Inc ($211k) and Vermont Fresh Network Corporation ($211k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 49% and program service revenue 47% of the total. At year end it held assets of $668k against liabilities of $79k, net assets of $589k.