Pasco Hernando State College Foundation Inc

Analysis

Pasco Hernando State College Foundation Inc is a registered charity in United States, based in New PRT Rchy, FL. It received its IRS tax-exemption ruling in April 1977, 49 years ago. 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 December 2023, Pasco Hernando State College Foundation Inc reported income of $4.3m and spending of $2.8m, leaving 35% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $10.6m to $4.3m (-60%), an average of -20% a year. The sharpest change came in the year to December 2022, when income dropped by 74%. Over the whole period it spent 63% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Pasco Hernando State College Foundation Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 92nd percentile within FL. Charities of a similar size with the same main cause include Fisher-Titus Affiliated Services ($4.3m), Womanspace Inc ($4.3m) and Fellowship House Inc ($4.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 53% of the total. Other salaries and wages came to $165k. At year end it held assets of $69.6m against liabilities of $867k, net assets of $68.8m.