Goldie B Floberg Center for Children

Analysis

Goldie B Floberg Center for Children is a registered charity in United States, based in Rockford, IL. It received its IRS tax-exemption ruling in April 1945, 81 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 June 2023, Goldie B Floberg Center for Children reported income of $8.7m and spending of $8.6m, spending 99% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $8.0m to $8.7m (+9.1%), an average of +2.2% a year. The sharpest change came in the year to June 2021, when income rose by 18%. Over the whole period it spent 94% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Goldie B Floberg Center for Children sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 94th percentile within IL. Charities of a similar size with the same main cause include Support to Encourage Low Income Families ($8.7m), Reformed Presbyterian Womans Assn ($8.7m) and Bakersfield Arc Inc ($8.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 4.1% and program service revenue 96% of the total. Compensation of current officers, directors and key employees was $321k (3.7% of expenses). Other salaries and wages came to $5.3m. At year end it held assets of $7.3m against liabilities of $2.0m, net assets of $5.3m. It reported 199 employees.