Friends of the Museums of Florida History Inc

Analysis

Friends of the Museums of Florida History Inc is a registered charity in United States, based in Tallahassee, FL. It received its IRS tax-exemption ruling in March 2002, 24 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 June 2023, Friends of the Museums of Florida History Inc reported income of $174k and spending of $161k, spending 92% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $225k to $174k (-23%), an average of -6.2% a year. The sharpest change came in the year to June 2022, when income rose by 113%. Over the whole period it spent 88% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Friends of the Museums of Florida History Inc sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 54th percentile within FL. Charities of a similar size with the same main cause include Leadership Amarillo Inc ($174k), Central Wisconsin Childrens Museum Inc ($174k) and Monon Civic Preservation Society ($174k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 8.7% and program service revenue 39% of the total. Other salaries and wages came to $45k. At year end it held assets of $1.5m against liabilities of $6,428, net assets of $1.5m. It reported 10 employees.