Florida Engineering Foundation Inc

Analysis

Florida Engineering Foundation Inc is a registered charity in United States, based in Stuart, FL. It received its IRS tax-exemption ruling in June 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 September 2023, Florida Engineering Foundation Inc reported income of $511k and spending of $285k, leaving 44% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income grew from $192k to $511k (+166%), an average of +28% a year. The sharpest change came in the year to September 2021, when income rose by 71%. Over the whole period it spent 82% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Florida Engineering Foundation Inc sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 73rd percentile within FL. Charities of a similar size with the same main cause include Scholarships for Illinois Residents Inc ($510k), Mississippi Youth Soccer Association Inc ($511k) and Jaron Ministries International Inc ($510k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 82% of the total. At year end it held assets of $1.8m against liabilities of $598k, net assets of $1.2m.