Everglades College Inc

Analysis

Everglades College Inc is a registered charity in United States, based in San Juan, PR. It received its IRS tax-exemption ruling in August 2001, 25 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2022, Everglades College Inc reported income of $598.7m and spending of $572.2m, spending 96% of its income. Across the 4 years on record, from December 2019 to December 2022, income grew from $525.8m to $598.7m (+14%), an average of +4.4% a year. The sharpest change came in the year to December 2021, when income rose by 16%. Over the whole period it spent 94% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Everglades College Inc sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within PR. Charities of a similar size with the same main cause include Trustees of the Estate of Bernice Pauahi Bishop ($594.7m), Research Foundation of the City University of New York ($600.3m) and Trustees of the Smith College ($587.5m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 1.3% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $4.4m (0.8% of expenses). Other salaries and wages came to $182.0m. At year end it held assets of $902.4m against liabilities of $407.9m, net assets of $494.6m. It reported 4,081 employees.