Daytona State College Foundation Inc

Analysis

Daytona State College Foundation Inc is a registered charity in United States, based in Daytona Beach, FL. It received its IRS tax-exemption ruling in July 1975, 51 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 December 2023, Daytona State College Foundation Inc reported income of $4.9m and spending of $1.7m, leaving 64% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $5.0m to $4.9m (-1.0%), an average of -0.2% a year. The sharpest change came in the year to December 2023, when income rose by 92%. Over the whole period it spent 59% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Daytona State College Foundation Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 93rd percentile within FL. Charities of a similar size with the same main cause include US Learning Corporation ($4.9m), Partnership for Children of Johnston County Inc ($4.9m) and Midland Classical Academy ($4.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 82% of the total. At year end it held assets of $40.4m against liabilities of $242k, net assets of $40.1m.