Floc for Love of Children

Analysis

Floc for Love of Children is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in February 1966, 60 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 September 2023, Floc for Love of Children reported income of $1.2m and spending of $1.4m, spending 113% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income fell from $1.9m to $1.2m (-34%), an average of -10% a year. The sharpest change came in the year to September 2020, when income rose by 64%. Over the whole period it spent 83% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Floc for Love of Children sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 58th percentile within DC. Charities of a similar size with the same main cause include Norwood Senior Services Association ($1.2m), Balancedcare Community Services Inc ($1.2m) and Social Services Network Inc ($1.2m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $127k (9.2% of expenses). Other salaries and wages came to $433k. At year end it held assets of $3.8m against liabilities of $825k, net assets of $3.0m. It reported 17 employees.