Caesars Foundation of Floyd County Inc

Analysis

Caesars Foundation of Floyd County Inc is a registered charity in United States, based in New Albany, IN. It received its IRS tax-exemption ruling in February 2000, 26 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Caesars Foundation of Floyd County Inc reported income of $5.5m and spending of $2.6m, leaving 53% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.9m to $5.5m (+91%), an average of +18% a year. The sharpest change came in the year to December 2020, when income rose by 126%. Over the whole period it spent 44% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Caesars Foundation of Floyd County Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 93rd percentile within IN. Charities of a similar size with the same main cause include Coalition for the Homeless ($5.5m), In His Image Inc ($5.5m) and Family Outreach Center ($5.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 45% of the total. Compensation of current officers, directors and key employees was $121k (4.7% of expenses). Other salaries and wages came to $93k. At year end it held assets of $39.9m against liabilities of $4.5m, net assets of $35.5m. It reported 2 employees.