Florida Endowment Foundation for Vocational Rehabilitation Inc

Analysis

Florida Endowment Foundation for Vocational Rehabilitation Inc is a registered charity in United States, based in Tallahassee, 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, Florida Endowment Foundation for Vocational Rehabilitation Inc reported income of $1.8m and spending of $2.9m, spending 159% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $2.5m to $1.8m (-25%), an average of -7.1% a year. The sharpest change came in the year to June 2020, when income rose by 173%. Over the whole period it spent 111% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Florida Endowment Foundation for Vocational Rehabilitation 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 Pennsylvania Breast Cancer Coalition ($1.8m), Ferry Family Charitable Foundation ($1.8m) and Munger Tolles & Olson Foundation ($1.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 63% and program service revenue 4.1% of the total. Compensation of current officers, directors and key employees was $152k (5.2% of expenses). Other salaries and wages came to $580k. At year end it held assets of $23.7m against liabilities of $717k, net assets of $23.0m. It reported 8 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.