New College of Florida Development Corporation

Analysis

New College of Florida Development Corporation is a registered charity in United States, based in Sarasota, FL. It received its IRS tax-exemption ruling in February 2007, 19 years ago. Its declared purposes cover education, which this site groups under education and training. 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, New College of Florida Development Corporation reported income of $673k and spending of $675k, spending 100% of its income. Across the 5 years on record, from June 2020 to June 2024, income fell from $1.2m to $673k (-46%), an average of -14% a year. The sharpest change came in the year to June 2023, when income dropped by 36%. Over the whole period it spent 100% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, New College of Florida Development Corporation sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 77th percentile within FL. Charities of a similar size with the same main cause include Advantage Testing Foundation Inc ($673k), Learning Disabilities Association of America ($673k) and L Ecole Francophone de Californie ($673k).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 100% of the total. At year end it held assets of $19.5m against liabilities of $19.2m, net assets of $279k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.