Consortium of Florida Education Foundations Inc

Analysis

Consortium of Florida Education Foundations Inc is a registered charity in United States, based in Gainesville, FL. It received its IRS tax-exemption ruling in September 2001, 25 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Consortium of Florida Education Foundations Inc reported income of $9.1m and spending of $9.0m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $5.2m to $9.1m (+75%), an average of +15% a year. The sharpest change came in the year to June 2023, when income rose by 26%. Over the whole period it spent 99% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Consortium of Florida Education Foundations Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within FL. Charities of a similar size with the same main cause include TSF Properties ($9.0m), Genyouth Inc ($9.1m) and Southeast Land Trust of New Hampshire ($9.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% and program service revenue 0.1% of the total. Compensation of current officers, directors and key employees was $168k (1.9% of expenses). Other salaries and wages came to $208k. At year end it held assets of $1.5m against liabilities of $798k, net assets of $655k. It reported 5 employees.