Florida Independent College Fund

Analysis

Florida Independent College Fund is a registered charity in United States, based in Tallahassee, FL. It received its IRS tax-exemption ruling in May 1956, 70 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 May 2024, Florida Independent College Fund reported income of $173k and spending of $153k, spending 89% of its income. Across the 5 years on record, from May 2020 to May 2024, income grew from $164k to $173k (+5.5%), an average of +1.4% a year. The sharpest change came in the year to May 2023, when income rose by 18%. Over the whole period it spent 91% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Florida Independent College Fund sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 54th percentile within FL. Charities of a similar size with the same main cause include Carmel Connection Foundation Inc ($173k), Bangor Christian Schools Foundation ($173k) and Jefferson Academy Parent Teacher Organization ($173k).

On its Form 990 for the period ending May 2024, revenue came from contributions and grants 99% of the total. At year end it held assets of $143k against liabilities of $0, net assets of $143k.