Florida Council on Aging Inc

Analysis

Florida Council on Aging Inc is a registered charity in United States, based in Tallahassee, FL. It received its IRS tax-exemption ruling in September 1967, 59 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 December 2023, Florida Council on Aging Inc reported income of $901k and spending of $864k, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $496k to $901k (+82%), an average of +16% a year. The sharpest change came in the year to December 2021, when income rose by 55%. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Florida Council on Aging Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 80th percentile within FL. Charities of a similar size with the same main cause include North Haven Interfaith Housing Inc ($901k), Nami San Mateo County ($901k) and SGT William H Carney Academy After School Day Care Program Inc ($901k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 78% and program service revenue 21% of the total. At year end it held assets of $257k against liabilities of $74k, net assets of $183k.