Florida Southwestern State College Foundation Inc

Analysis

Florida Southwestern State College Foundation Inc is a registered charity in United States, based in Fort Myers, FL. It received its IRS tax-exemption ruling in February 1996, 30 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending March 2024, Florida Southwestern State College Foundation Inc reported income of $6.2m and spending of $3.9m, leaving 37% of income unspent that year. Across the 5 years on record, from March 2020 to March 2024, income grew from $2.4m to $6.2m (+162%), an average of +27% a year. The sharpest change came in the year to March 2021, when income rose by 252%. Over the whole period it spent 64% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Florida Southwestern State College Foundation Inc sits at the 91st percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 94th percentile within FL. Charities of a similar size with the same main cause include Acorn Montessor Charter School Inc ($6.2m), Hillel School of Tampa Inc ($6.2m) and Menlo Park-Atherton Education Foundation ($6.2m).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 57% and program service revenue 0.5% of the total. At year end it held assets of $55.8m against liabilities of $139k, net assets of $55.6m.