FLORIDA INSTITUTE OF TECHNOLOGY INC
150 W UNIVERSITY BLVD, MELBOURNE, FL · IRS data through FY2025
Revenue, expenses and net assets
Revenue Expenses Net assets
| Tax year | Revenue | Expenses | Net assets |
|---|---|---|---|
| FY2025 | $237,768,004 | $216,516,225 | $287,932,236 |
| FY2024 | $222,506,045 | $205,194,552 | $266,083,103 |
| FY2023 | $211,689,614 | $195,508,670 | $243,586,244 |
| FY2022 | $211,905,030 | $178,859,614 | $220,432,152 |
| FY2021 | $191,425,099 | $179,874,014 | $213,857,782 |
| FY2020 | $21,133,016 | $26,442,871 | $178,751,286 |
| FY2019 | $197,104,830 | $185,993,835 | $172,144,402 |
| FY2018 | $191,847,243 | $184,590,033 | $158,791,144 |
| FY2017 | $187,158,249 | $182,977,759 | $149,945,075 |
| FY2016 | $195,642,332 | $201,072,470 | $141,383,925 |
| FY2015 | $208,178,592 | $200,241,651 | $152,697,703 |
| FY2014 | $201,573,754 | $181,848,509 | $144,937,593 |
| FY2013 | $300,225,506 | $295,308,667 | $122,173,559 |
| FY2012 | $290,301,410 | $281,349,502 | $114,408,359 |
Where the revenue came from
| Source | Amount | % of revenue |
|---|---|---|
| Contributions & grants | $24,529,230 | 11% |
| Program service revenue | $197,326,436 | 89% |
Where the money was spent
| Category | Amount | % of expenses |
|---|---|---|
| Program services | $133,387,066 | 62% |
| Management & general | $80,583,930 | 37% |
| Fundraising | $2,545,229 | 1% |
What the numbers show
- Program service revenue made up 89% of total revenue in FY2025.
- Program services accounted for 62% of functional expenses, management & general 37%, and fundraising 1%.
- 62% of functional expenses went to program services in FY2025. That is higher than 2.3% of 220 Education organizations in FL.
- Net assets covered about 16 months of expenses at the end of the reporting year. That puts it in the 63rd percentile among 2798 Education organizations in FL.
- Total revenue was higher than 99.6% of 2874 Education organizations in FL.
- Total revenue fell from $290,301,410 in FY2012 to $237,768,004 in FY2025, Revenue increased in 8 and decreased in 5 of 13 year-over-year comparisons.
- Expenses exceeded revenue in 2 of 14 reported years (FY2016, FY2020).
- The highest revenue on record here is $300,225,506 in FY2013.
- Net assets grew from $114,408,359 to $287,932,236 between FY2012 and FY2025.
- Contributions and grants made up 39% of revenue in FY2012 and 10% in FY2025.
- Donations are generally tax-deductible (public charity).
Figures compared against other organizations of the same NTEE program area in the same state. See the methodology page for how these are calculated and the guide to reading nonprofit financials for their limits.
About this organization
FLORIDA INSTITUTE OF TECHNOLOGY'S MISSION IS TO PROVIDE HIGH-QUALITY EDUCATION TO A CULTURALLY DIVERSE STUDENT BODY IN ORDER TO PREPARE STUDENTS FOR ENTERING THE GLOBAL WORKFORCE, SEEKING HIGHER-EDUCATION OPPORTUNITIES, AND SERVING WITHIN THEIR COMMUNITIES.
IRS status
| Ruling year | 1960 |
| Subsection | 501(c)(3) |
| Classification | Public charity |
| Program area (NTEE) | B430 — Education (in FL) |
| Donations | Donations are generally tax-deductible (public charity). |
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Source: Internal Revenue Service — Exempt Organizations Business Master File (downloaded September 20, 2026), Statistics of Income extracts, Form 990 e-file data, Publication 78 and the Automatic Revocation list. Figures are as reported by the organization; IRS processing may adjust them. This is not a charity rating and not tax advice. Confirm deductibility in IRS Tax Exempt Organization Search.
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