Valencia College Foundation

Analysis

Valencia College Foundation is a registered charity in United States, based in Orlando, FL. It received its IRS tax-exemption ruling in January 1976, 50 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 March 2024, Valencia College Foundation reported income of $11.4m and spending of $9.0m, leaving 21% of income unspent that year. Across the 5 years on record, from March 2020 to March 2024, income grew from $6.9m to $11.4m (+64%), an average of +13% a year. The sharpest change came in the year to March 2022, when income rose by 114%. Over the whole period it spent 78% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Valencia College Foundation 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 95th percentile, and in the 96th percentile within FL. Charities of a similar size with the same main cause include Carl Fenichel Community Services Inc ($11.4m), Hospice & Palliative Care of the Blue Ridge Inc ($11.4m) and Ocean Academy Charter School ($11.4m).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 45% and program service revenue 0.0% of the total. Other salaries and wages came to $843k. At year end it held assets of $114.6m against liabilities of $620k, net assets of $113.9m.