Fsu Financial Assistance Inc

Analysis

Fsu Financial Assistance Inc is a registered charity in United States, based in Tallahassee, FL. It received its IRS tax-exemption ruling in February 1985, 41 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Fsu Financial Assistance Inc reported income of $15.8m and spending of $15.7m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $13.1m to $15.8m (+20%), an average of +4.7% a year. The sharpest change came in the year to June 2022, when income rose by 30%. Over the whole period it spent 102% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Fsu Financial Assistance Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 97th percentile within FL. Charities of a similar size with the same main cause include Leading Educators Inc ($15.8m), Pusch Ridge Christian Academy Inc ($15.8m) and The Howard School Inc ($15.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 24% and program service revenue 76% of the total. Other salaries and wages came to $536k. At year end it held assets of $139.6m against liabilities of $127.8m, net assets of $11.8m. It reported 4 employees.