South Florida Fashion Academy Inc

Analysis

South Florida Fashion Academy Inc is a registered charity in United States, based in Laud Lakes, FL. It received its IRS tax-exemption ruling in April 2022, 4 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, South Florida Fashion Academy Inc reported income of $721k and spending of $600k, spending 83% of its income. Across the 3 years on record, from June 2022 to June 2024, income grew from $97k to $721k (+646%), an average of +173% a year. The sharpest change came in the year to June 2023, when income rose by 227%. Over the whole period it spent 88% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, South Florida Fashion Academy Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 77th percentile within FL. Charities of a similar size with the same main cause include Deland Montessori School Inc ($721k), Man Up Teacher Fellows Inc ($721k) and The Groundwater Foundation ($721k).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 99% of the total. Compensation of current officers, directors and key employees was $9,490 (1.6% of expenses). Other salaries and wages came to $214k. At year end it held assets of $139k against liabilities of $14k, net assets of $125k. It reported 2 employees.