Florida Economic Development Council Foundation

Analysis

Florida Economic Development Council Foundation is a registered charity in United States, based in Tallahassee, FL. It received its IRS tax-exemption ruling in August 2022, 4 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Florida Economic Development Council Foundation reported income of $467k and spending of $326k, leaving 30% of income unspent that year. Across the 2 years on record, from June 2023 to June 2024, income grew from $232k to $467k (+101%), an average of +101% a year. The sharpest change came in the year to June 2024, when income rose by 101%. Over the whole period it spent 76% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Florida Economic Development Council Foundation sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 72nd percentile within FL. Charities of a similar size with the same main cause include Family First Center of Lake County ($467k), Stockade Works Inc ($468k) and Second District Community Development Corporation ($467k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 3.6% and program service revenue 96% of the total. At year end it held assets of $167k against liabilities of $0, net assets of $167k.