Ficpa Scholarship Foundation Inc

Analysis

Ficpa Scholarship Foundation Inc is a registered charity in United States, based in Orlando, FL. It received its IRS tax-exemption ruling in July 1960, 66 years ago. 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 June 2023, Ficpa Scholarship Foundation Inc reported income of $779k and spending of $226k, leaving 71% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $232k to $779k (+236%), an average of +35% a year. The sharpest change came in the year to June 2023, when income rose by 145%. Over the whole period it spent 65% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Ficpa Scholarship Foundation Inc sits at the 75th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 78th percentile within FL. Charities of a similar size with the same main cause include Living Well in Wabash County Coa Inc ($779k), Friends of the Kittitas County Fair Grounds Foundation ($779k) and Psychoanalytic Institute of Nothern California ($779k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 13% of the total. Other salaries and wages came to $25k. At year end it held assets of $3.2m against liabilities of $219k, net assets of $3.0m.