Florida Polytechnic University Foundation Inc

Analysis

Florida Polytechnic University Foundation Inc is a registered charity in United States, based in Lakeland, FL. It received its IRS tax-exemption ruling in December 2013, 13 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a organisation supporting a government-owned college or university under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Florida Polytechnic University Foundation Inc reported income of $6.5m and spending of $1.4m, leaving 78% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $841k to $6.5m (+673%), an average of +67% a year. The sharpest change came in the year to June 2021, when income rose by 190%. Over the whole period it spent 42% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Florida Polytechnic University Foundation Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 94th percentile within FL. Charities of a similar size with the same main cause include Icahn Charter School 2 ($6.5m), Academy for Science and Design Charter School ($6.5m) and In Medias Res ($6.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $13.7m against liabilities of $2.3m, net assets of $11.4m.