Florida Keys Educational Foundation Inc

Analysis

Florida Keys Educational Foundation Inc is a registered charity in United States, based in Key West, FL. It received its IRS tax-exemption ruling in July 1966, 60 years ago. 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 March 2024, Florida Keys Educational Foundation Inc reported income of $1.8m and spending of $682k, leaving 63% of income unspent that year. Across the 5 years on record, from March 2020 to March 2024, income grew from $1.2m to $1.8m (+53%), an average of +11% a year. The sharpest change came in the year to March 2024, when income rose by 146%. Over the whole period it spent 83% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Florida Keys Educational Foundation Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 87th percentile within FL. Charities of a similar size with the same main cause include National Accrediting Agency for Clinical Laboratory Science ($1.8m), Christian Brothers Foundation Inc ($1.8m) and Historical Society of Martin County Inc ($1.8m).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 86% of the total. At year end it held assets of $8.7m against liabilities of $140k, net assets of $8.6m.