North Florida Educational Development Corporation

Analysis

North Florida Educational Development Corporation is a registered charity in United States, based in Gretna, FL. It received its IRS tax-exemption ruling in February 1988, 38 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 December 2023, North Florida Educational Development Corporation reported income of $385k and spending of $416k, spending 108% of what it took in. Across the 4 years on record, from December 2019 to December 2023, income grew from $316k to $385k (+22%), an average of +6.8% a year. The sharpest change came in the year to December 2023, when income rose by 92%. Over the whole period it spent 116% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, North Florida Educational Development Corporation sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 69th percentile within FL. Charities of a similar size with the same main cause include Kearney Housing Development Corporation ($385k), FHR Cares Inc ($385k) and Housing Development Corporation ($385k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 74% and program service revenue 26% of the total. Compensation of current officers, directors and key employees was $28k (6.7% of expenses). At year end it held assets of $1.1m against liabilities of $1.3m, net assets of -$170k. It reported 1 employees.