Florida Charter Educational Foundation Inc

Analysis

Florida Charter Educational Foundation Inc is a registered charity in United States, based in Ft Lauderdale, FL. It received its IRS tax-exemption ruling in May 2002, 24 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Florida Charter Educational Foundation Inc reported income of $114.6m and spending of $118.6m, spending 104% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $79.2m to $114.6m (+45%), an average of +9.7% a year. The sharpest change came in the year to June 2021, when income rose by 18%. Over the whole period it spent 102% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Florida Charter Educational Foundation Inc sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within FL. Charities of a similar size with the same main cause include Samuel Merritt University ($113.9m), Practising Law Institute ($114.8m) and Trustees of the Hamline University of Minnesota ($113.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 8.2% and program service revenue 89% of the total. Other salaries and wages came to $46.2m. At year end it held assets of $193.8m against liabilities of $200.6m, net assets of -$6.9m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.