Compass Rose Foundation Inc

Analysis

Compass Rose Foundation Inc is a registered charity in United States, based in Jacksonville, FL. It received its IRS tax-exemption ruling in September 1964, 62 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 2024, Compass Rose Foundation Inc reported income of $16.1m and spending of $11.8m, leaving 27% of income unspent that year. Across the 6 years on record, from June 2019 to June 2024, income grew from $13.7m to $16.1m (+18%), an average of +3.4% a year. The sharpest change came in the year to June 2023, when income dropped by 37%. Over the whole period it spent 85% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Compass Rose Foundation Inc sits at the 95th percentile: it is larger than about 95% 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 Des Moines Christian School ($16.1m), Indiana State University Foundation Inc ($16.1m) and Sherman College of Straight Chiropractic Inc ($16.1m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 1.1% and program service revenue 71% of the total. Compensation of current officers, directors and key employees was $1.3m (11% of expenses). Other salaries and wages came to $3.7m. At year end it held assets of $62.9m against liabilities of $2.6m, net assets of $60.2m. It reported 116 employees.