Floyd County Community Action

Analysis

Floyd County Community Action is a registered charity in United States, based in New Albany, IN. It received its IRS tax-exemption ruling in July 1971, 55 years ago. Its declared purposes cover education, which this site groups under education and training. 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 May 2024, Floyd County Community Action reported income of $4.7m and spending of $4.5m, spending 97% of its income. Across the 6 years on record, from May 2019 to May 2024, income grew from $2.4m to $4.7m (+97%), an average of +14% a year. The sharpest change came in the year to May 2020, when income rose by 55%. Over the whole period it spent 96% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Floyd County Community Action sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 92nd percentile within IN. Charities of a similar size with the same main cause include College of Marin Foundation ($4.7m), Imagine Middle at Surprise Inc ($4.7m) and Yeshivat Maharat Inc ($4.7m).

On its Form 990 for the period ending May 2024, revenue came from contributions and grants 97% of the total. Compensation of current officers, directors and key employees was $182k (4.1% of expenses). Other salaries and wages came to $2.8m. At year end it held assets of $4.1m against liabilities of $2.7m, net assets of $1.4m. It reported 90 employees.