North Florida College Foundation Inc

Analysis

North Florida College Foundation Inc is a registered charity in United States, based in Madison, FL. It received its IRS tax-exemption ruling in March 1967, 59 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 2023, North Florida College Foundation Inc reported income of $363k and spending of $393k, spending 108% of what it took in. Across the 4 years on record, from March 2020 to March 2023, income grew from $339k to $363k (+6.9%), an average of +2.3% a year. The sharpest change came in the year to March 2022, when income rose by 72%. Over the whole period it spent 136% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, North Florida College Foundation Inc sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 68th percentile within FL. Charities of a similar size with the same main cause include Abpa Institute Inc ($363k), Montessori Elementary Teacher Training Collaborative ($363k) and City School Inc ($363k).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 62% of the total. At year end it held assets of $5.3m against liabilities of $52k, net assets of $5.3m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.