Florida Foundation Seed Producers Inc

Analysis

Florida Foundation Seed Producers Inc is a registered charity in United States, based in Greenwood, FL. It received its IRS tax-exemption ruling in September 2017, 9 years ago. Its declared purposes cover food, agriculture and nutrition, which this site groups under poverty relief. 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 Foundation Seed Producers Inc reported income of $16.3m and spending of $16.0m, spending 98% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.1m to $16.3m (+694%), an average of +68% a year. The sharpest change came in the year to June 2022, when income rose by 832%. Over the whole period it spent 88% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Florida Foundation Seed Producers Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within FL. Charities of a similar size with the same main cause include Mesa Developmental Services ($16.3m), Pathway Enterprises Inc ($16.4m) and Delta Community Supports Inc ($16.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.0% and program service revenue 100% of the total. Compensation of current officers, directors and key employees was $223k (1.4% of expenses). Other salaries and wages came to $258k. At year end it held assets of $23.6m against liabilities of $8.8m, net assets of $14.8m. It reported 9 employees.