Pasco Education Foundation Inc

Analysis

Pasco Education Foundation Inc is a registered charity in United States, based in Land O Lakes, FL. It received its IRS tax-exemption ruling in October 1991, 35 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Pasco Education Foundation Inc reported income of $1.8m and spending of $1.3m, leaving 25% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.2m to $1.8m (+50%), an average of +11% a year. The sharpest change came in the year to June 2023, when income rose by 103%. Over the whole period it spent 92% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Pasco Education Foundation Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 87th percentile within FL. Charities of a similar size with the same main cause include Nicks Kids Foundation Inc ($1.8m), Stephens Children Foundation Inc ($1.8m) and Pardee Memorial Hospital Foundation Inc ($1.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 77% of the total. Compensation of current officers, directors and key employees was $122k (9.2% of expenses). Other salaries and wages came to $262k. At year end it held assets of $5.2m against liabilities of $310, net assets of $5.2m. It reported 8 employees.