Florida Education Fund Inc

Analysis

Florida Education Fund Inc is a registered charity in United States, based in Tampa, FL. It received its IRS tax-exemption ruling in June 2020, 6 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 2024, Florida Education Fund Inc reported income of $5.3m and spending of $4.5m, spending 85% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $4.6m to $5.3m (+14%), an average of +3.4% a year. The sharpest change came in the year to June 2021, when income rose by 20%. Over the whole period it spent 82% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Florida Education Fund Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 93rd percentile within FL. Charities of a similar size with the same main cause include Imagine Elementary at Camelback Inc ($5.3m), Canyon Rim Academy ($5.3m) and Chi Psi Educational Trust Inc ($5.3m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 82% and program service revenue 0.9% of the total. Compensation of current officers, directors and key employees was $682k (15% of expenses). Other salaries and wages came to $237k. At year end it held assets of $30.7m against liabilities of $1.6m, net assets of $29.1m. It reported 9 employees.