Broward College Foundation Inc

Analysis

Broward College Foundation Inc is a registered charity in United States, based in Fort Lauderdale, FL. It received its IRS tax-exemption ruling in April 1972, 54 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 December 2022, Broward College Foundation Inc reported income of $14.5m and spending of $10.9m, leaving 25% of income unspent that year. Across the 4 years on record, from December 2019 to December 2022, income fell from $15.4m to $14.5m (-5.6%), an average of -1.9% a year. The sharpest change came in the year to December 2021, when income rose by 839%. Over the whole period it spent 50% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Broward College Foundation Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 97th percentile within FL. Charities of a similar size with the same main cause include Pritzker Family Philanthropic Fund ($14.5m), Hebrew Seniorlife Inc ($14.6m) and Heritage Classic Foundation ($14.5m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 45% and program service revenue 14% of the total. Compensation of current officers, directors and key employees was $71k (0.7% of expenses). Other salaries and wages came to $4.1m. At year end it held assets of $124.4m against liabilities of $3.8m, net assets of $120.6m.