Florida State University Foundation Inc

Analysis

Florida State University Foundation Inc is a registered charity in United States, based in Tallahassee, FL. It received its IRS tax-exemption ruling in November 1963, 63 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a organisation supporting a government-owned college or university under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Florida State University Foundation Inc reported income of $96.0m and spending of $76.2m, leaving 21% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $81.9m to $96.0m (+17%), an average of +4.1% a year. The sharpest change came in the year to June 2021, when income rose by 69%. Over the whole period it spent 79% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Florida State University Foundation Inc sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within FL. Charities of a similar size with the same main cause include Saint Vincent College ($96.0m), Flagler College Inc ($96.1m) and Roessler-Chadwick Foundation ($95.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 61% and program service revenue 0.8% of the total. Compensation of current officers, directors and key employees was $741k (1.0% of expenses). Other salaries and wages came to $8.3m. It paid $403k in professional fundraising fees. At year end it held assets of $996.4m against liabilities of $23.0m, net assets of $973.4m. It reported 145 employees.