Florida Board of Governors Foundation Inc

Analysis

Florida Board of Governors Foundation Inc is a registered charity in United States, based in Tallahassee, FL. It received its IRS tax-exemption ruling in May 1970, 56 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 December 2023, Florida Board of Governors Foundation Inc reported income of $1.6m and spending of $1.8m, spending 111% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.3m to $1.6m (+21%), an average of +4.8% a year. The sharpest change came in the year to December 2021, when income rose by 29%. Over the whole period it spent 102% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Florida Board of Governors Foundation Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 86th percentile within FL. Charities of a similar size with the same main cause include Napa Valley College Foundation ($1.6m), Engineers in Action ($1.6m) and Folds of Honor Foundation ($1.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 85% of the total. At year end it held assets of $12.3m against liabilities of $5.5m, net assets of $6.8m.