Florida Southwestern State College Financing Corporation

Analysis

Florida Southwestern State College Financing Corporation is a registered charity in United States, based in Fort Myers, FL. It received its IRS tax-exemption ruling in September 2008, 18 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending March 2024, Florida Southwestern State College Financing Corporation reported income of $3.8m and spending of $3.2m, spending 85% of its income. Across the 5 years on record, from March 2020 to March 2024, income grew from $3.3m to $3.8m (+17%), an average of +3.9% a year. The sharpest change came in the year to March 2023, when income rose by 188%. Over the whole period it spent 58% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Florida Southwestern State College Financing Corporation sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 92nd percentile within FL. Charities of a similar size with the same main cause include Bais Chaya Mushka School of Los Angeles ($3.8m), Park Childrens Day School ($3.8m) and City View Charter School ($3.8m).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 11% and program service revenue 77% of the total. At year end it held assets of $36.4m against liabilities of $18.4m, net assets of $18.0m. It reported 3 employees.