Admiral Farragut Academy Foundation Inc

Analysis

Admiral Farragut Academy Foundation Inc is a registered charity in United States, based in St Petersburg, FL. It received its IRS tax-exemption ruling in April 1997, 29 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation (type iii functionally integrated) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Admiral Farragut Academy Foundation Inc reported income of $295k and spending of $1.7m, spending 560% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $546k to $295k (-46%), an average of -14% a year. The sharpest change came in the year to December 2021, when income rose by 92%. Over the whole period it spent 174% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Admiral Farragut Academy Foundation Inc sits at the 61st percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 64th percentile within FL. Charities of a similar size with the same main cause include El Dorado High Athletic Booster Club ($295k), Grand Ledge Music Booster Association ($295k) and Starr-King Parent-Child Workshop ($295k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 65% of the total. At year end it held assets of $3.4m against liabilities of $352k, net assets of $3.1m.