Educational Charter Foundation of Florida Inc

Analysis

Educational Charter Foundation of Florida Inc is a registered charity in United States, based in Clermont, FL. It received its IRS tax-exemption ruling in June 2009, 17 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Educational Charter Foundation of Florida Inc reported income of $13.0m and spending of $12.9m, spending 100% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $9.0m to $13.0m (+44%), an average of +9.5% a year. Over the whole period it spent 98% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Educational Charter Foundation of Florida Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within FL. Charities of a similar size with the same main cause include Inspired Teaching Demonstration Public Charter School ($13.0m), Katz Hillel Day School of Boca Raton Inc ($13.0m) and Kids on the Move Inc ($13.0m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 0.6% and program service revenue 90% of the total. Other salaries and wages came to $5.3m. At year end it held assets of $26.4m against liabilities of $24.9m, net assets of $1.5m. It reported 186 employees.