The Education Foundation of Alachua County Inc

Analysis

The Education Foundation of Alachua County Inc is a registered charity in United States, based in Gainesville, 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, The Education Foundation of Alachua County Inc reported income of $1.0m and spending of $1.0m, spending 101% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.1m to $1.0m (-4.9%), an average of -1.2% a year. The sharpest change came in the year to June 2020, when income rose by 24%. Over the whole period it spent 87% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, The Education Foundation of Alachua County Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 81st percentile within FL. Charities of a similar size with the same main cause include The Schilling School for Gifted Children Inc ($1.0m), Faith and Love Enrichment Center in ($1.0m) and Life Science Washington Institute ($1.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 64% and program service revenue 28% of the total. Compensation of current officers, directors and key employees was $106k (10% of expenses). Other salaries and wages came to $300k. At year end it held assets of $4.3m against liabilities of $191k, net assets of $4.2m. It reported 14 employees.