South Florida Progress Foundation Inc

Analysis

South Florida Progress Foundation Inc is a registered charity in United States, based in Miami, FL. It received its IRS tax-exemption ruling in December 1968, 58 years ago. 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, South Florida Progress Foundation Inc reported income of $290k and spending of $265k, spending 91% of its income. Across the 3 years on record, from June 2019 to June 2023, income fell from $311k to $290k (-6.8%), an average of -3.5% a year. The sharpest change came in the year to June 2023, when income rose by 32%. Over the whole period it spent 97% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, South Florida Progress Foundation Inc sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 64th percentile within FL. Charities of a similar size with the same main cause include Honor Flight of Southern Indiana Inc ($290k), Innovative Preschool Incorporated ($290k) and Agape Retirement Home Inc ($290k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 96% of the total. At year end it held assets of $222k against liabilities of $64k, net assets of $158k.