Hardee County Education Foundation Incorporated

Analysis

Hardee County Education Foundation Incorporated is a registered charity in United States, based in Wauchula, FL. It received its IRS tax-exemption ruling in April 1990, 36 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, Hardee County Education Foundation Incorporated reported income of $1.1m and spending of $830k, leaving 22% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income fell from $6.2m to $1.1m (-83%), an average of -36% a year. The sharpest change came in the year to June 2023, when income rose by 118%. Over the whole period it spent 19% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Hardee County Education Foundation Incorporated sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 82nd percentile within FL. Charities of a similar size with the same main cause include Trivium School ($1.1m), Hillel the Foundation for Jewish Campus Life ($1.1m) and Direct Women ($1.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 67% of the total. Compensation of current officers, directors and key employees was $67k (8.1% of expenses). At year end it held assets of $9.1m against liabilities of $32k, net assets of $9.1m. It reported 1 employees.