Northwest Florida State College Foundation Inc

Analysis

Northwest Florida State College Foundation Inc is a registered charity in United States, based in Niceville, FL. It received its IRS tax-exemption ruling in March 1989, 37 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, Northwest Florida State College Foundation Inc reported income of $4.4m and spending of $3.6m, spending 81% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $6.0m to $4.4m (-27%), an average of -7.6% a year. The sharpest change came in the year to June 2023, when income dropped by 52%. Over the whole period it spent 66% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Northwest Florida State College Foundation Inc 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 Learning Project Inc ($4.4m), Central Illinois Service Access Inc ($4.4m) and Young Mens Christian Association of Ashland ($4.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 25% and program service revenue 0.9% of the total. At year end it held assets of $61.4m against liabilities of $46k, net assets of $61.3m.