Indian River State College FDN Inc

Analysis

Indian River State College FDN Inc is a registered charity in United States, based in Fort Pierce, FL. It received its IRS tax-exemption ruling in January 1966, 60 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending March 2023, Indian River State College FDN Inc reported income of $12.1m and spending of $13.2m, spending 109% of what it took in. Across the 4 years on record, from March 2020 to March 2023, income grew from $5.0m to $12.1m (+141%), an average of +34% a year. The sharpest change came in the year to March 2021, when income rose by 1170%. Over the whole period it spent 44% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Indian River State College FDN Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within FL. Charities of a similar size with the same main cause include Springer School & Center ($12.1m), Lashon Academy ($12.1m) and Aspen View Academy Inc ($12.1m).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 53% and program service revenue 9.0% of the total. Other salaries and wages came to $922k. At year end it held assets of $171.6m against liabilities of $18.9m, net assets of $152.7m.