Foundation for Excellence Ineducation Inc

Analysis

Foundation for Excellence Ineducation Inc is a registered charity in United States, based in Tallahassee, FL. It received its IRS tax-exemption ruling in November 2007, 19 years ago. Its declared purposes cover education, which this site groups under education and training. 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 2023, Foundation for Excellence Ineducation Inc reported income of $10.9m and spending of $11.3m, spending 104% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $9.8m to $10.9m (+11%), an average of +2.6% a year. The sharpest change came in the year to December 2022, when income rose by 164%. Over the whole period it spent 74% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Foundation for Excellence Ineducation Inc sits at the 94th percentile: it is larger than about 94% 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 Michigan College Access Network ($10.9m), National Disability Institute Inc ($10.9m) and Global Preparatory Academy Inc ($10.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 85% and program service revenue 12% of the total. Compensation of current officers, directors and key employees was $990k (8.8% of expenses). Other salaries and wages came to $5.2m. At year end it held assets of $27.0m against liabilities of $1.2m, net assets of $25.8m. It reported 81 employees.