Charity Search / FLORIDA STATE UNIVERSITY MAGNET RESEARCH AND DEVELOPMENT INC
Science & Technology (U990) 990 on File

FLORIDA STATE UNIVERSITY MAGNET RESEARCH AND DEVELOPMENT INC

EIN: 13-4356799 · TALLAHASSEE, FL 32306-1330 · United States · FY 2024 Data
3 out of 5 53 / 100 Based on 2+ years of filings
Financial strength (30%) 92/100
Reliability (20%) 50/100
Effectiveness (25%) 61/100
Impact (25%) No data yet
Financial data: FY 2024 · Scored 9/13/2026
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Financial Overview — FY 2024
$116K
Total Revenue
$71K
Total Expenses
$307K
Net Assets
N/A
Employees
Revenue Sources
Expense Breakdown
Program Expense Ratio 76.6%
Fundraising Efficiency N/A
Operating Reserve 52.28x
Liability-to-Asset 11.4%
Revenue Diversification 87.7%
Compared with Peers
FY 2024
Compared with 537 similar organizations (United States, Science & Technology, under $100K in expenses), FY 2024.
This organization Middle half of peers (P25–P75) Peer median
Ratio This org Peer median Position (P10 → P90)
Program expense ratio
Program expenses / total expenses · higher is better
76.6% 80.6%
P10P90
Below median
Operating reserve
Months of expenses covered by net assets · higher is better
52.3 mo 27.4 mo
P10P90
Above median
Liabilities to assets
Total liabilities / total assets · lower is better
11.4% 0.0%
P10P90
Bottom quarter
Revenue concentration
Share of revenue from the largest source · lower is better
87.7% 99.7%
P10P90
Above median
Revenue growth
Year over year revenue growth
987.5% 2.0%
P10P90
Expense growth
Year over year expense growth
189.5% -1.0%
P10P90
Surplus margin
Surplus as a share of revenue
39.1% 13.2%
P10P90
Financial History
Year Revenue Expenses Net Assets Program % Staff
2024 $116K $71K $307K 76.6%
2023 $11K $24K $262K 45.5%
2022 $12K $24K N/A 1
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Organization Details
EIN
13-4356799
State
FL
City
TALLAHASSEE
ZIP
32306-1330
Classification
U990
Category
Science & Technology
Rating
3★
Coverage
A
Last Updated
Aug 2026
Form 990
On File
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