Florida Southern College

Analysis

Florida Southern College is a registered charity in United States, based in Lakeland, FL. It received its IRS tax-exemption ruling in June 1941, 85 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 May 2023, Florida Southern College reported income of $164.8m and spending of $164.2m, spending 100% of its income. Across the 4 years on record, from May 2019 to May 2023, income grew from $135.7m to $164.8m (+21%), an average of +6.7% a year. Over the whole period it spent 98% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Florida Southern College 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 100th percentile, and in the 100th percentile within FL. Charities of a similar size with the same main cause include Whitman College Board of Trustees ($163.9m), Rhodes College ($165.4m) and College of Wooster ($163.7m).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 9.6% and program service revenue 87% of the total. Compensation of current officers, directors and key employees was $2.0m (1.2% of expenses). Other salaries and wages came to $37.2m. At year end it held assets of $308.6m against liabilities of $50.6m, net assets of $258.0m. It reported 1,647 employees.