Florida State University Athletics Association Inc

Analysis

Florida State University Athletics Association Inc is a registered charity in United States, based in Tallahassee, FL. It received its IRS tax-exemption ruling in November 2018, 8 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Florida State University Athletics Association Inc reported income of $1.3m and spending of $343k, leaving 75% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $197k to $1.3m (+583%), an average of +62% a year. The sharpest change came in the year to June 2021, when income rose by 448%. Over the whole period it spent 214% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Florida State University Athletics Association Inc sits at the 94th percentile: it is larger than about 94% 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 Appalachian Fair Association Incorporated ($1.3m), Section 2 of the Nysphsaa Inc ($1.3m) and 757swim Inc ($1.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $13k against liabilities of $2.3m, net assets of -$2.3m.