Floyd Kress Homes Inc

Analysis

Floyd Kress Homes Inc is a registered charity in United States, based in Frederick, MD. It received its IRS tax-exemption ruling in March 2001, 25 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Floyd Kress Homes Inc reported income of $66k and spending of $89k, spending 136% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income fell from $67k to $66k (-1.7%), an average of -0.6% a year. Over the whole period it spent 130% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Floyd Kress Homes Inc sits at the 23rd percentile: it is larger than about 23% of them. Against every charity in United States with reported income it ranks in the 26th percentile, and in the 28th percentile within MD. Charities of a similar size with the same main cause include Love N Cherish Family Center Inc ($66k), Bread of Life Food Pantry Inc ($66k) and Moms Not Forgotten of Illinois ($66k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 75% and program service revenue 25% of the total. At year end it held assets of $536k against liabilities of $721k, net assets of -$185k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.