Florida Futures Academy Charter Schools Inc

Analysis

Florida Futures Academy Charter Schools Inc is a registered charity in United States, based in West Palm BCH, FL. It received its IRS tax-exemption ruling in November 2014, 12 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 Futures Academy Charter Schools Inc reported income of $1.3m and spending of $1.1m, spending 85% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $1.1m to $1.3m (+21%), an average of +6.6% a year. Over the whole period it spent 84% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Florida Futures Academy Charter Schools Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 84th percentile within FL. Charities of a similar size with the same main cause include Fremont Street Nursery Incorporated ($1.3m), Careervillage Inc ($1.3m) and Christian Academy of Winter Haven Inc ($1.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $106k (9.6% of expenses). Other salaries and wages came to $258k. At year end it held assets of $1.3m against liabilities of $401k, net assets of $870k. It reported 10 employees.