College of Central Florida Foundation Inc

Analysis

College of Central Florida Foundation Inc is a registered charity in United States, based in Ocala, FL. It received its IRS tax-exemption ruling in October 1964, 62 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, College of Central Florida Foundation Inc reported income of $14.2m and spending of $5.2m, leaving 64% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $8.2m to $14.2m (+73%), an average of +15% a year. The sharpest change came in the year to December 2023, when income rose by 115%. Over the whole period it spent 47% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, College of Central Florida Foundation Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 97th percentile within FL. Charities of a similar size with the same main cause include Pan-American Elementary Charter School ($14.2m), University of Houston Foundation ($14.2m) and Pueblo City-County Library District ($14.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 58% and program service revenue 8.4% of the total. At year end it held assets of $129.3m against liabilities of $1.2m, net assets of $128.0m.