The Foundation for Lee County Public Schools Inc

Analysis

The Foundation for Lee County Public Schools Inc is a registered charity in United States, based in Fort Myers, FL. It received its IRS tax-exemption ruling in December 1986, 40 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, The Foundation for Lee County Public Schools Inc reported income of $2.9m and spending of $2.3m, leaving 22% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $1.8m to $2.9m (+64%), an average of +13% a year. The sharpest change came in the year to June 2023, when income rose by 142%. Over the whole period it spent 78% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The Foundation for Lee County Public Schools Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 90th percentile within FL. Charities of a similar size with the same main cause include Advocates for Survivors of Domestic Violence Incorporated ($2.9m), San Diego Freedom Ranch Inc ($2.9m) and Habitat for Humanity International Inc ($2.9m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 87% and program service revenue 5.2% of the total. Compensation of current officers, directors and key employees was $197k (8.6% of expenses). Other salaries and wages came to $404k. At year end it held assets of $6.6m against liabilities of $51k, net assets of $6.5m. It reported 22 employees.