Florida Achievement Support Trust

Analysis

Florida Achievement Support Trust is a registered charity in United States, based in Coral Gables, FL. It received its IRS tax-exemption ruling in September 2022, 4 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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 Achievement Support Trust reported income of $7.3m and spending of $8.2m, spending 113% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $3.0m to $7.3m (+139%), an average of +139% a year. The sharpest change came in the year to December 2023, when income rose by 139%. Over the whole period it spent 86% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Florida Achievement Support Trust sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 95th percentile within FL. Charities of a similar size with the same main cause include Washington Nationals Philanthropies ($7.2m), Boys and Girls Clubs of Hartford Inc ($7.3m) and National Eczema Association ($7.2m).

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 $300k (3.6% of expenses). Other salaries and wages came to $6.4m. At year end it held assets of $1.6m against liabilities of $112k, net assets of $1.5m. It reported 86 employees.