Florida Gulf Coast University Foundation Inc

Analysis

Florida Gulf Coast University Foundation Inc is a registered charity in United States, based in Fort Myers, FL. It received its IRS tax-exemption ruling in October 1994, 32 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 June 2023, Florida Gulf Coast University Foundation Inc reported income of $29.9m and spending of $22.0m, leaving 26% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $17.2m to $29.9m (+74%), an average of +15% a year. The sharpest change came in the year to June 2020, when income rose by 45%. Over the whole period it spent 85% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Florida Gulf Coast University Foundation Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within FL. Charities of a similar size with the same main cause include Digital Harbor Foundation Inc ($29.9m), Mt Paran Christian School Inc ($30.0m) and Catholic Schools Foundation Inc ($29.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 88% and program service revenue 5.9% of the total. At year end it held assets of $185.7m against liabilities of $2.4m, net assets of $183.3m.