Florida Bankers Educational Foundation

Analysis

Florida Bankers Educational Foundation is a registered charity in United States, based in Tallahassee, FL. It received its IRS tax-exemption ruling in May 1958, 68 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, Florida Bankers Educational Foundation reported income of $270k and spending of $354k, spending 131% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $157k to $270k (+72%), an average of +14% a year. The sharpest change came in the year to June 2020, when income rose by 58%. Over the whole period it spent 76% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Florida Bankers Educational Foundation sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 63rd percentile within FL. Charities of a similar size with the same main cause include Southwest Texas Junior College Foundation Inc ($270k), Family Literacy Network Inc ($270k) and Colorado Association for Gifted and Talented ($270k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 105% of the total. Compensation of current officers, directors and key employees was $62k (18% of expenses). At year end it held assets of $2.8m against liabilities of $45k, net assets of $2.7m.