Cross, Fernandez & Riley, LLP Releases Results of the 2013 Annual Central Florida Public Charities Survey

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ORLANDO – Cross, Fernandez & Riley, LLP (C/F/R) has released the results of their 5th Annual Central Florida Public Charities Survey.

“We would like to extend our sincerest thanks to all of our survey respondents,” said Melanie Fernandez, CPA, audit partner and Nonprofit Industry Group Leader. “We hope that the results will aid nonprofit professionals in furthering their organization’s mission. The survey is just one of a multitude of tools that can positively impact nonprofits of all sizes.” C/F/R received information from local nonprofit organizations during the first quarter of 2014.

The survey respondents included a diverse group of charities throughout Central Florida. This year, 40.4 percent of the respondents reported annual revenues of less than $1 million, while 28.8 percent reported annual revenues over $10 million.

To present the survey results in a manner that can be easily interpreted and utilized, C/F/R provided a description of the survey respondents, including organization size, and graphic representations of each question posted within the original survey. The data is broken down into five sections: operations, human resources, development/volunteerism, governance and strategic planning. Key findings from the survey results include:

  • 60.0 percent of the respondents reported an increase in revenue during their latest fiscal year, while 28.0 percent reported a decline.
  • This year, 66.7 percent of respondents reported an increase of contributions by individuals, a 7 percent increase from last year’s survey results.
  • 35.7 percent of respondents reported an increase in corporate contributions, an 8.4 percent increase from 2012.
  • Cash and cash equivalents was the highest average percentage of investments, held at 78.5 percent.
  • 72.0 percent of survey respondents reported they were planning to introduce new programs. This number rose from 69.1 percent last year.
  • Over 67 percent of this year’s survey respondents reported a salary increase, compared to 61.7 percent in the 2012 survey and 44.9 percent of those responding reported an increase between 3 and 4 percent.
  • The largest increase in fundraising activities in the 2013 survey was annual campaigns, with 47.8 percent of respondents having these activities in place, compared to 37.2 percent last year.
  • In this year’s survey, 50 percent of respondents reported an increase in volunteer involvement, compared to 48.8 percent in 2012.
  • Cutbacks in funding/drops in revenue continue to be the greatest difficulty for charities, with 75.0 percent of respondents reporting it as their top obstacle.

To download a PDF copy of the 2013 Annual Public Charities Survey, please visit: http://bit.ly/cfrsurvey2013


About Cross, Fernandez & Riley, LLP Cross, Fernandez & Riley, LLP (C/F/R) is one of the largest locally-owned public accounting firms in Central Florida, providing service along the I-4 corridor with offices in Orlando, Lakeland, Winter Haven and Tampa. We take a progressive approach to traditional services including accounting, auditing, tax planning and compliance and offer additional services in forensic accounting and litigation support, emerging business, international planning and specialized tax credits, deductions and incentives. Comprised of a diverse group of seasoned accounting professionals, our CPA firm has roots in the Central Florida business community since 1963. What sets C/F/R apart from other accounting firms is that we offer the advantages of a global accounting organization with the service and affordability of a local practice. Our Firm is an independent member of the BDO Seidman Alliance, through which our clients have access to the national resources of BDO USA, LLP and BDO International and includes a network of advisory services in 138 countries and 1,200 offices. The benefit to you is a national level of expertise delivered by local professionals who will get to know you personally and provide you with reliable and timely service. For more information about Cross, Fernandez & Riley LLP, visit www.cfrcpa.com

LAST UPDATED 4/29/2014