American Culinary Federation Education Foundation

Analysis

American Culinary Federation Education Foundation is a registered charity in United States, based in Jacksonville, FL. It received its IRS tax-exemption ruling in October 1972, 54 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2022, American Culinary Federation Education Foundation reported income of $1.2m and spending of $1.0m, spending 89% of its income. Across the 4 years on record, from December 2019 to December 2022, income fell from $1.7m to $1.2m (-30%), an average of -11% a year. The sharpest change came in the year to December 2020, when income dropped by 21%. Over the whole period it spent 75% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, American Culinary Federation Education Foundation sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 83rd percentile within FL. Charities of a similar size with the same main cause include Adventist Community Services North America Inc ($1.2m), Sharpen Recovery ($1.2m) and Bristol County Chamber Foundation Inc ($1.2m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 3.7% and program service revenue 96% of the total. Other salaries and wages came to $262k. At year end it held assets of $3.0m against liabilities of $619k, net assets of $2.4m.