Faculty Associates Incorporated

Analysis

Faculty Associates Incorporated is a registered charity in United States, based in Gainesville, FL. It received its IRS tax-exemption ruling in April 1999, 27 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Faculty Associates Incorporated reported income of $32.6m and spending of $27.3m, spending 84% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $19.1m to $32.6m (+71%), an average of +20% a year. The sharpest change came in the year to June 2021, when income rose by 27%. Over the whole period it spent 93% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Faculty Associates Incorporated sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within FL. Charities of a similar size with the same main cause include Kamaaina Care Inc ($32.6m), Groves Academy ($32.6m) and Young Audiences Charter Association ($32.6m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 98% of the total. At year end it held assets of $30.1m against liabilities of $499k, net assets of $29.6m.