Foundation for Seminole State College of Florida Inc

Analysis

Foundation for Seminole State College of Florida Inc is a registered charity in United States, based in Heathrow, FL. It received its IRS tax-exemption ruling in September 1969, 57 years ago. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Foundation for Seminole State College of Florida Inc reported income of $8.1m and spending of $3.2m, leaving 60% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $3.2m to $8.1m (+149%), an average of +26% a year. The sharpest change came in the year to June 2024, when income rose by 138%. Over the whole period it spent 71% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Foundation for Seminole State College 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 94th percentile, and in the 95th percentile within FL. Charities of a similar size with the same main cause include National Committee for the Furtherance of Jewish Ed ($8.1m), National Church Residences at Home Hospice Central Ohio ($8.1m) and Center for Pan Asian Community Services Inc ($8.1m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 74% and program service revenue 8.1% of the total. At year end it held assets of $41.6m against liabilities of $299k, net assets of $41.3m.