Florida Gulf Coast University Financing Corporation

Analysis

Florida Gulf Coast University Financing Corporation is a registered charity in United States, based in Fort Myers, FL. It received its IRS tax-exemption ruling in December 2003, 23 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Florida Gulf Coast University Financing Corporation reported income of $19.2m and spending of $23.7m, spending 123% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income fell from $19.4m to $19.2m (-1.0%), an average of -0.2% a year. Over the whole period it spent 92% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Florida Gulf Coast University Financing Corporation sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within FL. Charities of a similar size with the same main cause include Northern New York Community Foundation Inc ($19.2m), Ralph & Carolyn Thompson Charitable Foundation ($19.3m) and Jewish Federation of St Louis ($19.2m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 90% of the total. At year end it held assets of $184.6m against liabilities of $148.0m, net assets of $36.6m.