Pinellas County Education Foundation Inc

Analysis

Pinellas County Education Foundation Inc is a registered charity in United States, based in Largo, FL. It received its IRS tax-exemption ruling in October 1986, 40 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, Pinellas County Education Foundation Inc reported income of $9.2m and spending of $8.2m, spending 89% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $11.7m to $9.2m (-21%), an average of -5.8% a year. The sharpest change came in the year to June 2022, when income rose by 28%. Over the whole period it spent 78% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Pinellas County Education Foundation Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within FL. Charities of a similar size with the same main cause include Global Brigades Inc ($9.2m), Alternative Schools Inc ($9.2m) and The Gillispie School ($9.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 89% of the total. Compensation of current officers, directors and key employees was $427k (5.2% of expenses). Other salaries and wages came to $1.4m. At year end it held assets of $48.1m against liabilities of $1.2m, net assets of $46.8m. It reported 43 employees.