North Florida Foundation for Research and Education Inc

Analysis

North Florida Foundation for Research and Education Inc is a registered charity in United States, based in Gainesville, FL. It received its IRS tax-exemption ruling in October 1997, 29 years ago. Its declared purposes cover medical research, which this site groups under health and saving lives. The IRS classifies it as a hospital or medical research organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, North Florida Foundation for Research and Education Inc reported income of $1.6m and spending of $1.3m, spending 82% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $1.5m to $1.6m (+2.4%), an average of +0.6% a year. The sharpest change came in the year to September 2022, when income dropped by 29%. Over the whole period it spent 77% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, North Florida Foundation for Research and Education Inc sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 86th percentile within FL. Charities of a similar size with the same main cause include Everett Recovery Cafe ($1.6m), Vermilion County Rape Crisis Center Inc ($1.6m) and Maison de St Joseph Inc ($1.6m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 1.6% and program service revenue 95% of the total. Compensation of current officers, directors and key employees was $157k (12% of expenses). Other salaries and wages came to $629k. At year end it held assets of $3.5m against liabilities of $288k, net assets of $3.2m. It reported 27 employees.