Florida Atlantic University Foundation Inc

Analysis

Florida Atlantic University Foundation Inc is a registered charity in United States, based in Boca Raton, FL. It received its IRS tax-exemption ruling in April 1962, 64 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 Atlantic University Foundation Inc reported income of $51.5m and spending of $33.1m, leaving 36% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $45.2m to $51.5m (+14%), an average of +3.3% a year. The sharpest change came in the year to June 2022, when income rose by 79%. Over the whole period it spent 64% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Florida Atlantic University Foundation Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within FL. Charities of a similar size with the same main cause include Bethel University ($51.5m), Alabama Partnership for Children ($51.5m) and Indiana Online Learning Options Inc ($51.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 63% and program service revenue 0.6% of the total. At year end it held assets of $437.2m against liabilities of $51.2m, net assets of $386.0m.