Suncoast Credit Union Foundation

Analysis

Suncoast Credit Union Foundation is a registered charity in United States, based in Tampa, FL. It received its IRS tax-exemption ruling in January 1991, 35 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 December 2023, Suncoast Credit Union Foundation reported income of $5.7m and spending of $4.5m, leaving 21% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $4.3m to $5.7m (+32%), an average of +7.1% a year. Over the whole period it spent 80% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Suncoast Credit Union Foundation sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 94th percentile within FL. Charities of a similar size with the same main cause include Columbus Preparatory and Fitness Academy ($5.7m), Gateway School ($5.7m) and Plumas Alternative Learning Services ($5.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% of the total. At year end it held assets of $11.2m against liabilities of $0, net assets of $11.2m.