Floyd Memorial Foundation Inc

Analysis

Floyd Memorial Foundation Inc is a registered charity in United States, based in New Albany, IN. It received its IRS tax-exemption ruling in July 1978, 48 years ago. 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 December 2023, Floyd Memorial Foundation Inc reported income of $1.7m and spending of $931k, leaving 44% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.4m to $1.7m (+19%), an average of +4.4% a year. The sharpest change came in the year to December 2020, when income rose by 228%. Over the whole period it spent 41% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Floyd Memorial Foundation Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 85th percentile within IN. Charities of a similar size with the same main cause include Creative Coalition ($1.7m), DRS R W & J a Love Memorial Clinic ($1.7m) and Xavier Society for the Blind ($1.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 30% of the total. Other salaries and wages came to $64k. At year end it held assets of $20.3m against liabilities of $402k, net assets of $19.9m. It reported 1 employees.