Usf Financing Corporation

Analysis

Usf Financing Corporation is a registered charity in United States, based in Tampa, FL. It received its IRS tax-exemption ruling in November 2008, 18 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a organisation supporting a government-owned college or university under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Usf Financing Corporation reported income of $16.4m and spending of $13.1m, leaving 21% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income fell from $18.1m to $16.4m (-9.2%), an average of -2.4% a year. The sharpest change came in the year to June 2021, when income dropped by 30%. Over the whole period it spent 80% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Usf Financing Corporation sits at the 95th percentile: it is larger than about 95% 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 Tahoe Community Foundation ($16.4m), Sicangu Oyate Ho Inc ($16.4m) and Seven Hills Preparatory Academy ($16.4m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 92% of the total. At year end it held assets of $371.4m against liabilities of $346.2m, net assets of $25.2m.