Florida Economic Consortium on Violence & Crime Inc

Analysis

Florida Economic Consortium on Violence & Crime Inc is a registered charity in United States, based in Altamonte SPG, FL. It received its IRS tax-exemption ruling in March 2017, 9 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 Economic Consortium on Violence & Crime Inc reported income of $630k and spending of $668k, spending 106% of what it took in. Across the 2 years on record, from December 2021 to December 2023, income grew from $396k to $630k (+59%), an average of +59% a year. The sharpest change came in the year to December 2023, when income rose by 59%. Over the whole period it spent 95% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Florida Economic Consortium on Violence & Crime Inc sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 76th percentile within FL. Charities of a similar size with the same main cause include Londons Boarding Home Recreation & Rehab Training Facilities Inc ($630k), Houston Freedmens Town Conservancy Inc ($631k) and Sulphur Christian Community Coalition ($630k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $52k (7.8% of expenses). Other salaries and wages came to $165k. At year end it held assets of $65k against liabilities of $8,595, net assets of $57k. It reported 6 employees.