Florida International University Foundation Inc

Analysis

Florida International University Foundation Inc is a registered charity in United States, based in Miami, FL. It received its IRS tax-exemption ruling in December 1969, 57 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, Florida International University Foundation Inc reported income of $44.9m and spending of $52.7m, spending 117% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $39.2m to $44.9m (+14%), an average of +3.4% a year. The sharpest change came in the year to June 2021, when income rose by 246%. Over the whole period it spent 69% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Florida International University Foundation Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within FL. Charities of a similar size with the same main cause include William James College Inc ($44.9m), Paterson Charter School for Science and Technology Inc ($44.9m) and Orange County School of the Arts ($44.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 104% of the total. Compensation of current officers, directors and key employees was $362k (0.7% of expenses). Other salaries and wages came to $1.7m. It paid $191k in professional fundraising fees. At year end it held assets of $445.1m against liabilities of $7.5m, net assets of $437.5m. It reported 79 employees.