Scottish American Society of Central Florida

Analysis

Scottish American Society of Central Florida is a registered charity in United States, based in Longwood, FL. It received its IRS tax-exemption ruling in May 1978, 48 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 April 2024, Scottish American Society of Central Florida reported income of $568k and spending of $656k, spending 115% of what it took in. Across the 5 years on record, from April 2020 to April 2024, income grew from $512k to $568k (+11%), an average of +2.6% a year. The sharpest change came in the year to April 2022, when income rose by 2917%. Over the whole period it spent 107% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Scottish American Society of Central Florida sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 74th percentile within FL. Charities of a similar size with the same main cause include American Friends of Ner Yaakov Inc ($568k), Rainbow School and Day Care Center Inc ($568k) and Refrigeration and Air Conditioning Training Trust ($568k).

On its Form 990 for the period ending April 2024, revenue came from contributions and grants 0.2% and program service revenue 91% of the total. At year end it held assets of $385k against liabilities of $42k, net assets of $343k.