Step Up for Students - Florida Inc

Analysis

Step Up for Students - Florida Inc is a registered charity in United States, based in Jacksonville, FL. It received its IRS tax-exemption ruling in July 2000, 26 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 2023, Step Up for Students - Florida Inc reported income of $913.0m and spending of $755.3m, spending 83% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $620.7m to $913.0m (+47%), an average of +14% a year. The sharpest change came in the year to June 2021, when income rose by 59%. Over the whole period it spent 83% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Step Up for Students - Florida Inc sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within FL. Charities of a similar size with the same main cause include University of Dayton ($911.4m), University of Auckland ($927.5m) and The UCLA Foundation ($902.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $1.9m (0.3% of expenses). Other salaries and wages came to $18.5m. At year end it held assets of $1.52bn against liabilities of $386.6m, net assets of $1.13bn. It reported 182 employees.