Floyd County Day Care Inc

Analysis

Floyd County Day Care Inc is a registered charity in United States, based in Floydada, TX. It received its IRS tax-exemption ruling in July 1970, 56 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 July 2023, Floyd County Day Care Inc reported income of $337k and spending of $243k, leaving 28% of income unspent that year. Across the 2 years on record, from July 2022 to July 2023, income grew from $229k to $337k (+47%), an average of +47% a year. The sharpest change came in the year to July 2023, when income rose by 47%. Over the whole period it spent 74% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Floyd County Day Care Inc sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 68th percentile within TX. Charities of a similar size with the same main cause include One30 Network ($337k), Wiregrass Childrens Home ($337k) and Answers for Life Pregnancy Center ($337k).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 65% and program service revenue 35% of the total. Other salaries and wages came to $110k. At year end it held assets of $541k against liabilities of $1,342, net assets of $539k. It reported 5 employees.