Florida College

Analysis

Florida College is a registered charity in United States, based in Temple Terr, FL. It received its IRS tax-exemption ruling in July 1946, 80 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 College reported income of $32.9m and spending of $27.2m, spending 83% of its income. Across the 5 years on record, from May 2019 to May 2023, income grew from $19.5m to $32.9m (+69%), an average of +14% a year. The sharpest change came in the year to May 2022, when income rose by 27%. Over the whole period it spent 87% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Florida College sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within FL. Charities of a similar size with the same main cause include Great Jobs Kansas City ($32.9m), Seiu 775 Benefits Group ($33.0m) and Spectrum Academy ($32.9m).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 48% and program service revenue 52% of the total. Compensation of current officers, directors and key employees was $641k (2.4% of expenses). Other salaries and wages came to $8.1m. At year end it held assets of $74.8m against liabilities of $8.2m, net assets of $66.6m. It reported 449 employees.