Florida East Coast Jatc

Analysis

Florida East Coast Jatc is a registered charity in United States, based in West Palm BCH, FL. It received its IRS tax-exemption ruling in March 1998, 28 years ago. Its declared purposes cover employment, 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 East Coast Jatc reported income of $1.3m and spending of $1.1m, spending 86% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $1.1m to $1.3m (+19%), an average of +6.0% a year. The sharpest change came in the year to June 2023, when income rose by 31%. Over the whole period it spent 85% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Florida East Coast Jatc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 84th percentile within FL. Charities of a similar size with the same main cause include Madison Area Sheet Metal Workers Education Trust ($1.3m), Circuit Rider Community Services ($1.3m) and Northend Christian Community Development Corporation ($1.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 38% and program service revenue 52% of the total. Compensation of current officers, directors and key employees was $106k (9.4% of expenses). Other salaries and wages came to $355k. At year end it held assets of $1.7m against liabilities of $39k, net assets of $1.6m. It reported 6 employees.