The Educational Foundation of the Florida Restaurant & Lodging Assoc

Analysis

The Educational Foundation of the Florida Restaurant & Lodging Assoc is a registered charity in United States, based in Tallahassee, FL. It received its IRS tax-exemption ruling in June 1967, 59 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 December 2022, The Educational Foundation of the Florida Restaurant & Lodging Assoc reported income of $1.0m and spending of $933k, spending 93% of its income. Across the 4 years on record, from December 2019 to December 2022, income fell from $1.1m to $1.0m (-6.5%), an average of -2.2% a year. The sharpest change came in the year to December 2021, when income rose by 24%. Over the whole period it spent 90% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The Educational Foundation of the Florida Restaurant & Lodging Assoc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 81st percentile within FL. Charities of a similar size with the same main cause include Operation Love Ministries Inc ($1.0m), USA Swimming Inc ($1.0m) and Alpha Pregnancy Care Center Inc ($1.0m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 9.3% and program service revenue 74% of the total. Other salaries and wages came to $115k. At year end it held assets of $2.4m against liabilities of $125k, net assets of $2.3m.