Florida Education Foundation

Analysis

Florida Education Foundation is a registered charity in United States, based in Tallahassee, FL. It received its IRS tax-exemption ruling in August 1987, 39 years ago. 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, Florida Education Foundation reported income of $4.5m and spending of $4.3m, spending 97% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.5m to $4.5m (+195%), an average of +31% a year. The sharpest change came in the year to June 2023, when income rose by 62%. Over the whole period it spent 107% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Florida Education Foundation sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 93rd percentile within FL. Charities of a similar size with the same main cause include Anthony School Inc ($4.5m), Lubavitch Girls High School Inc ($4.5m) and Maplebrook School Inc ($4.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 80% and program service revenue 17% of the total. At year end it held assets of $8.0m against liabilities of $1.6m, net assets of $6.4m.