Halifax Management System Inc

Analysis

Halifax Management System Inc is a registered charity in United States, based in Daytona Beach, FL. It received its IRS tax-exemption ruling in January 1989, 37 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Halifax Management System Inc reported income of $5.8m and spending of $3.1m, leaving 47% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income grew from $3.1m to $5.8m (+86%), an average of +17% a year. The sharpest change came in the year to September 2020, when income rose by 295%. Over the whole period it spent 64% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Halifax Management System Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 94th percentile within FL. Charities of a similar size with the same main cause include Asthma & Allergy Foundation of America National ($5.8m), Rio Grande Valley Livestock Show Inc ($5.8m) and Center for Evaluation Innovation Inc ($5.8m).

On its Form 990 for the period ending September 2023, revenue came from program service revenue 88% of the total. At year end it held assets of $57.6m against liabilities of $29.7m, net assets of $27.9m.