Florida College System Foundation Inc

Analysis

Florida College System Foundation Inc is a registered charity in United States, based in Tallahassee, FL. It received its IRS tax-exemption ruling in March 1995, 31 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 College System Foundation Inc reported income of $2.0m and spending of $2.1m, spending 106% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.4m to $2.0m (+38%), an average of +8.4% a year. The sharpest change came in the year to June 2021, when income rose by 121%. Over the whole period it spent 102% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Florida College System Foundation Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 87th percentile within FL. Charities of a similar size with the same main cause include Results Educational Fund Inc ($2.0m), Escuela Comunitaria Del Bronx Bronx Community School Inc ($2.0m) and Christian Leadership Academy ($2.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 25% and program service revenue 1.3% of the total. At year end it held assets of $27.0m against liabilities of $4,550, net assets of $27.0m.