Florida Debate Initiative Inc

Analysis

Florida Debate Initiative Inc is a registered charity in United States, based in Oviedo, FL. It received its IRS tax-exemption ruling in April 2019, 7 years ago. Its declared purposes cover education, which this site groups under education and training. 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 2023, Florida Debate Initiative Inc reported income of $1.7m and spending of $1.6m, spending 96% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $15k to $1.7m (+11426%), an average of +387% a year. The sharpest change came in the year to December 2021, when income rose by 2232%. Over the whole period it spent 102% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Florida Debate Initiative Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 86th percentile within FL. Charities of a similar size with the same main cause include Grayson County College Foundation Inc ($1.7m), Gates School ($1.7m) and Concord Free Public Library Corporation ($1.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% and program service revenue 0.3% of the total. Compensation of current officers, directors and key employees was $70k (4.3% of expenses). At year end it held assets of $526k against liabilities of $566k, net assets of -$40k. It reported 1 employees.