Shands Jacksonville Foundation Inc

Analysis

Shands Jacksonville Foundation Inc is a registered charity in United States, based in Jacksonville, FL. It received its IRS tax-exemption ruling in September 1986, 40 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, Shands Jacksonville Foundation Inc reported income of $1.5m and spending of $989k, leaving 32% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income fell from $2.2m to $1.5m (-34%), an average of -10% a year. The sharpest change came in the year to June 2022, when income rose by 376%. Over the whole period it spent 65% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Shands Jacksonville Foundation Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 85th percentile within FL. Charities of a similar size with the same main cause include Student Government Association of Montclair State University Inc ($1.5m), Grace Classical Christian Academy ($1.5m) and Washington State Association of Hea D Start and Ecea Programs ($1.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 80% and program service revenue 8.2% of the total. At year end it held assets of $35.9m against liabilities of $32.4m, net assets of $3.5m.