Florida Association of Centers for Independent Living Inc Facil

Analysis

Florida Association of Centers for Independent Living Inc Facil is a registered charity in United States, based in Tallahassee, FL. It received its IRS tax-exemption ruling in March 1996, 30 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 2023, Florida Association of Centers for Independent Living Inc Facil reported income of $3.0m and spending of $3.3m, spending 109% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.5m to $3.0m (+20%), an average of +4.6% a year. The sharpest change came in the year to June 2020, when income rose by 196%. Over the whole period it spent 67% 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 Centers for Independent Living Inc Facil sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 90th percentile within FL. Charities of a similar size with the same main cause include Sheet Metal Training Fund ($3.0m), Milwaukee Electrical Joint Apprenticeship and Training Plan ($3.0m) and Lift Jax Inc ($3.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 98% and program service revenue 3.5% of the total. Compensation of current officers, directors and key employees was $140k (4.2% of expenses). Other salaries and wages came to $50k. At year end it held assets of $8.4m against liabilities of $309k, net assets of $8.0m. It reported 2 employees.