Florida Truckers Institute Inc

Analysis

Florida Truckers Institute Inc is a registered charity in United States, based in New PRT Rchy, FL. It received its IRS tax-exemption ruling in July 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 December 2023, Florida Truckers Institute Inc reported income of $560k and spending of $736k, spending 131% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $226k to $560k (+148%), an average of +148% a year. The sharpest change came in the year to December 2023, when income rose by 148%. Over the whole period it spent 94% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Florida Truckers Institute Inc sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 74th percentile within FL. Charities of a similar size with the same main cause include Bridge School Inc ($560k), Corner School ($561k) and South Carolina First Steps to School Readiness Board of Trustees ($560k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 4.7% and program service revenue 95% of the total. Compensation of current officers, directors and key employees was $146k (20% of expenses). Other salaries and wages came to $86k. At year end it held assets of $118k against liabilities of $74k, net assets of $44k. It reported 4 employees.