Florida Flywheelers Antique Engine Club Inc

Analysis

Florida Flywheelers Antique Engine Club Inc is a registered charity in United States, based in Fort Meade, FL. It received its IRS tax-exemption ruling in August 1997, 29 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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 2024, Florida Flywheelers Antique Engine Club Inc reported income of $874k and spending of $602k, leaving 31% of income unspent that year. Across the 4 years on record, from June 2020 to June 2024, income fell from $919k to $874k (-4.9%), an average of -1.6% a year. The sharpest change came in the year to June 2022, when income rose by 1576%. Over the whole period it spent 84% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Florida Flywheelers Antique Engine Club Inc sits at the 91st percentile: it is larger than about 91% 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 South Valley SC Inc ($874k), American Friends of Zichron Eliyahu Ofakim ($875k) and Yoga 4 Change Incorporated ($873k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 17% and program service revenue 82% of the total. At year end it held assets of $2.1m against liabilities of $111k, net assets of $2.0m.