Fiu Athletics Finance Corporation

Analysis

Fiu Athletics Finance Corporation is a registered charity in United States, based in Miami, FL. It received its IRS tax-exemption ruling in September 2009, 17 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, Fiu Athletics Finance Corporation reported income of $5.7m and spending of $6.1m, spending 107% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $4.2m to $5.7m (+36%), an average of +7.9% a year. The sharpest change came in the year to June 2022, when income rose by 33%. Over the whole period it spent 88% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Fiu Athletics Finance Corporation sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 94th percentile within FL. Charities of a similar size with the same main cause include Berkley Accelerated Middle School Inc ($5.7m), Community School of Cleburne County ($5.7m) and Waldorf Educational Association of NC Inc ($5.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 97% of the total. At year end it held assets of $19.9m against liabilities of $24.3m, net assets of -$4.4m.