Friends of the Military Museum of South Florida at Nas Richmond

Analysis

Friends of the Military Museum of South Florida at Nas Richmond is a registered charity in United States, based in Miami, FL. It received its IRS tax-exemption ruling in January 1998, 28 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 December 2022, Friends of the Military Museum of South Florida at Nas Richmond reported income of $814k and spending of $165k, leaving 80% of income unspent that year. Across the 4 years on record, from December 2019 to December 2022, income grew from $600k to $814k (+36%), an average of +11% a year. The sharpest change came in the year to December 2022, when income rose by 47%. Over the whole period it spent 45% 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 Military Museum of South Florida at Nas Richmond sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 79th percentile within FL. Charities of a similar size with the same main cause include Brotherhood of Elders Network ($814k), Unique Project Inc ($814k) and Amazing Grace Conservatory Inc ($814k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 100% of the total. At year end it held assets of $6.9m against liabilities of $0, net assets of $6.9m.