Floyd Healthcare Resources Inc

Analysis

Floyd Healthcare Resources Inc is a registered charity in United States, based in Rome, GA. It received its IRS tax-exemption ruling in January 1998, 28 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Floyd Healthcare Resources Inc reported income of $178k and spending of $16k, leaving 91% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income fell from $273k to $178k (-35%), an average of -10% a year. The sharpest change came in the year to June 2020, when income rose by 77%. Over the whole period it spent 93% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Floyd Healthcare Resources Inc sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 54th percentile within GA. Charities of a similar size with the same main cause include Nami-Cva ($178k), Ataxia Connection Inc ($178k) and Alden Substance Abuse Coalition Inc ($178k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $2.6m against liabilities of $1,501, net assets of $2.6m.