Flagler College Inc

Analysis

Flagler College Inc is a registered charity in United States, based in St Augustine, FL. It received its IRS tax-exemption ruling in November 1972, 54 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 2023, Flagler College Inc reported income of $96.1m and spending of $92.0m, spending 96% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $75.0m to $96.1m (+28%), an average of +6.4% a year. The sharpest change came in the year to June 2021, when income rose by 21%. Over the whole period it spent 93% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Flagler College Inc sits at the 99th percentile: it is one of the largest 1% in its cause. 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 Florida State University Foundation Inc ($96.0m), Benedictine University ($96.1m) and Saint Vincent College ($96.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 13% and program service revenue 77% of the total. Compensation of current officers, directors and key employees was $2.4m (2.6% of expenses). Other salaries and wages came to $27.2m. At year end it held assets of $251.0m against liabilities of $74.9m, net assets of $176.1m. It reported 1,220 employees.