University of Fort Lauderdale Inc

Analysis

University of Fort Lauderdale Inc is a registered charity in United States, based in Sunrise, FL. It received its IRS tax-exemption ruling in December 1996, 30 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 June 2023, University of Fort Lauderdale Inc reported income of $3.8m and spending of $3.8m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.3m to $3.8m (+200%), an average of +32% a year. The sharpest change came in the year to June 2021, when income rose by 96%. Over the whole period it spent 97% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, University of Fort Lauderdale Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 92nd percentile within FL. Charities of a similar size with the same main cause include Isla Affiliated Building Company ($3.8m), Zion Christian School Association ($3.8m) and Yeshiva Nachlei Torah Inc ($3.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 44% and program service revenue 56% of the total. Compensation of current officers, directors and key employees was $160k (4.2% of expenses). Other salaries and wages came to $1.9m. At year end it held assets of $1.2m against liabilities of $520k, net assets of $663k. It reported 94 employees.