Florida Atlantic University Research Corporation

Analysis

Florida Atlantic University Research Corporation is a registered charity in United States, based in Boca Raton, FL. It received its IRS tax-exemption ruling in August 1992, 34 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 June 2023, Florida Atlantic University Research Corporation reported income of $214k and spending of $185k, spending 86% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $353k to $214k (-39%), an average of -12% a year. The sharpest change came in the year to June 2022, when income dropped by 17%. Over the whole period it spent 91% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Florida Atlantic University Research Corporation sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 59th percentile within FL. Charities of a similar size with the same main cause include Hillside - Fmha LLC ($214k), Nebraska MCC Relief Sale Inc ($214k) and Virginia Rotary Apartments Inc ($214k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 31% and program service revenue 18% of the total. At year end it held assets of $609k against liabilities of $0, net assets of $609k.