Florida Fund for Minority Teachers Inc

Analysis

Florida Fund for Minority Teachers Inc is a registered charity in United States, based in Gainesville, FL. It received its IRS tax-exemption ruling in August 1997, 29 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 June 2022, Florida Fund for Minority Teachers Inc reported income of $930k and spending of $960k, spending 103% of its income. Across the 4 years on record, from June 2019 to June 2022, income fell from $1.0m to $930k (-10%), an average of -3.5% a year. The sharpest change came in the year to June 2022, when income dropped by 16%. Over the whole period it spent 105% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Florida Fund for Minority Teachers Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 80th percentile within FL. Charities of a similar size with the same main cause include Friends of the Free Library of Philadelphia Inc ($930k), The Locker Foundation ($931k) and LLDC Lubbock Learning Difference Center ($930k).

On its Form 990 for the period ending June 2022, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $130k (14% of expenses). At year end it held assets of $373k against liabilities of $187k, net assets of $186k. It reported 2 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.