Florida Fruit & Vegetable Research & Education Foundation Inc

Analysis

Florida Fruit & Vegetable Research & Education Foundation Inc is a registered charity in United States, based in Maitland, FL. It received its IRS tax-exemption ruling in August 1991, 35 years ago. Its declared purposes cover science and technology, which this site groups under arts, culture, heritage and science. 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, Florida Fruit & Vegetable Research & Education Foundation Inc reported income of $350k and spending of $315k, spending 90% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $391k to $350k (-11%), an average of -2.7% a year. The sharpest change came in the year to December 2021, when income rose by 93%. Over the whole period it spent 88% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Florida Fruit & Vegetable Research & Education Foundation Inc sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 67th percentile within FL. Charities of a similar size with the same main cause include Hui Ho Olana ($350k), Queens Symphony Orchestra Inc ($350k) and Commonwealth Center for Advanced Logistics Systems ($350k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 44% and program service revenue 32% of the total. At year end it held assets of $1.3m against liabilities of $2,185, net assets of $1.3m.