Desoto County Education Foundation Inc

Analysis

Desoto County Education Foundation Inc is a registered charity in United States, based in Arcadia, FL. It received its IRS tax-exemption ruling in December 2002, 24 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 2024, Desoto County Education Foundation Inc reported income of $654k and spending of $548k, spending 84% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $121k to $654k (+440%), an average of +52% a year. The sharpest change came in the year to June 2023, when income rose by 96%. Over the whole period it spent 80% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Desoto County Education Foundation Inc sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 76th percentile within FL. Charities of a similar size with the same main cause include Alc Mosaic ($654k), PGSS Campaign Inc ($655k) and The Juniper School ($654k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 93% of the total. At year end it held assets of $803k against liabilities of $0, net assets of $803k.