Florida State College at Jacksonville Foundation Inc

Analysis

Florida State College at Jacksonville Foundation Inc is a registered charity in United States, based in Jacksonville, FL. It received its IRS tax-exemption ruling in August 1973, 53 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 September 2023, Florida State College at Jacksonville Foundation Inc reported income of $11.9m and spending of $12.5m, spending 106% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $8.4m to $11.9m (+42%), an average of +9.1% a year. The sharpest change came in the year to September 2022, when income rose by 153%. Over the whole period it spent 93% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Florida State College at Jacksonville Foundation Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within FL. Charities of a similar size with the same main cause include Southern Oklahoma Regional Disposal Inc ($11.9m), Community Health Center of the Black Hills Inc ($11.9m) and Babcock Neighborhood School Inc ($11.9m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 23% and program service revenue 70% of the total. Compensation of current officers, directors and key employees was $181k (1.4% of expenses). At year end it held assets of $77.4m against liabilities of $4.9m, net assets of $72.5m.