South Florida Composers Alliance Inc

Analysis

South Florida Composers Alliance Inc is a registered charity in United States, based in Miami, FL. It received its IRS tax-exemption ruling in June 1986, 40 years ago. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, South Florida Composers Alliance Inc reported income of $53k and spending of $65k, spending 123% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income fell from $62k to $53k (-15%), an average of -4.0% a year. The sharpest change came in the year to September 2022, when income rose by 51%. Over the whole period it spent 101% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, South Florida Composers Alliance Inc sits at the 20th percentile: it is larger than about 20% of them. Against every charity in United States with reported income it ranks in the 21st percentile, and in the 24th percentile within FL. Charities of a similar size with the same main cause include National Federation of the Blind of Hawaii ($53k), PTA California Congress of Parents Teachers & Students Inc ($53k) and Chesterfield County-Colonial Heights Crime Solvers ($53k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $41k against liabilities of $198, net assets of $41k.

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.