Floor Covering Industry Foundation

Analysis

Floor Covering Industry Foundation is a registered charity in United States, based in Dalton, GA. It received its IRS tax-exemption ruling in March 1982, 44 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, Floor Covering Industry Foundation reported income of $921k and spending of $840k, spending 91% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $716k to $921k (+29%), an average of +6.5% a year. The sharpest change came in the year to December 2021, when income rose by 43%. Over the whole period it spent 88% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Floor Covering Industry Foundation sits at the 77th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 82nd percentile within GA. Charities of a similar size with the same main cause include Big Brothers Big Sisters of Bucks County Incorporated ($921k), Home Educators Association of Virginia ($921k) and FR Genes Help Inc ($921k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 86% of the total. Other salaries and wages came to $122k. At year end it held assets of $3.3m against liabilities of $310k, net assets of $3.0m.