New Florida Follies Inc

Analysis

New Florida Follies Inc is a registered charity in United States, based in Atlantis, FL. It received its IRS tax-exemption ruling in June 2018, 8 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, New Florida Follies Inc reported income of $145k and spending of $146k, spending 101% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $1.1m to $145k (-87%), an average of -87% a year. The sharpest change came in the year to December 2023, when income dropped by 87%. Over the whole period it spent 19% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, New Florida Follies Inc sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 50th percentile within FL. Charities of a similar size with the same main cause include Silver Spur Therapeutic Riding Center ($145k), Shalom Ministries Inc ($145k) and South Central Housing Inc ($145k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 8.8% and program service revenue 66% of the total. At year end it held assets of $1.1m against liabilities of $5,394, net assets of $1.1m.