University of Florida Development Corporation

Analysis

University of Florida Development Corporation is a registered charity in United States, based in Gainesville, FL. It received its IRS tax-exemption ruling in August 2014, 12 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, University of Florida Development Corporation reported income of $2.5m and spending of $2.6m, spending 101% of its income. The sharpest change came in the year to June 2022, when income rose by 32%. Over the whole period it spent 108% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, University of Florida Development Corporation sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 89th percentile within FL. Charities of a similar size with the same main cause include Breakthrough New York Inc ($2.5m), Impact Christian Academy Inc ($2.5m) and East Los Angeles College Foundation ($2.5m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 86% of the total. Other salaries and wages came to $105k. At year end it held assets of $18.7m against liabilities of $12.1m, net assets of $6.6m. It reported 5 employees.