Broward Education Foundation Inc

Analysis

Broward Education Foundation Inc is a registered charity in United States, based in Ft Lauderdale, FL. It received its IRS tax-exemption ruling in January 1985, 41 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 June 2023, Broward Education Foundation Inc reported income of $7.3m and spending of $6.0m, spending 82% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $4.2m to $7.3m (+76%), an average of +15% a year. The sharpest change came in the year to June 2020, when income rose by 56%. Over the whole period it spent 132% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Broward Education Foundation Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 95th percentile within FL. Charities of a similar size with the same main cause include Clemson University Land Stewardship Foundation Inc ($7.3m), Newark Educators Community Charter School ($7.3m) and Youth of Vision Academy ($7.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 95% of the total. Other salaries and wages came to $621k. At year end it held assets of $13.1m against liabilities of $4.2m, net assets of $8.9m. It reported 9 employees.