Floyd County Library Building Fund Inc

Analysis

Floyd County Library Building Fund Inc is a registered charity in United States, based in Floyd, VA. It received its IRS tax-exemption ruling in October 1983, 43 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, Floyd County Library Building Fund Inc reported income of $131k and spending of $28k, leaving 79% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $27k to $131k (+390%), an average of +390% a year. The sharpest change came in the year to December 2023, when income rose by 390%. Over the whole period it spent 22% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Floyd County Library Building Fund Inc sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 44th percentile within VA. Charities of a similar size with the same main cause include Kingfield Neighborhood Association ($131k), Colorado Dermatologic Society ($131k) and Fire Department of Washington Township Inc ($131k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 98% of the total. At year end it held assets of $389k against liabilities of $0, net assets of $389k.