Florida Sterling Council Inc

Analysis

Florida Sterling Council Inc is a registered charity in United States, based in Tallahassee, FL. It received its IRS tax-exemption ruling in May 1996, 30 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. 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 September 2023, Florida Sterling Council Inc reported income of $800k and spending of $776k, spending 97% of its income. Across the 5 years on record, from September 2019 to September 2023, income fell from $1.0m to $800k (-20%), an average of -5.6% a year. The sharpest change came in the year to September 2020, when income dropped by 49%. 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 Sterling Council Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 79th percentile within FL. Charities of a similar size with the same main cause include Operation Help a Hero ($800k), Ephraim McDowell Health Care Foundation Inc ($800k) and Florida Association of Pediatric Tumor Programs Inc ($800k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 2.6% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $165k (21% of expenses). Other salaries and wages came to $92k. At year end it held assets of $658k against liabilities of $373k, net assets of $285k. It reported 3 employees.