Floyd County Friends

Analysis

Floyd County Friends is a registered charity in United States, based in Lockney, TX. It received its IRS tax-exemption ruling in January 1996, 30 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 Friends reported income of $184k and spending of $134k, leaving 27% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $170k to $184k (+7.9%), an average of +1.9% a year. The sharpest change came in the year to December 2021, when income rose by 208%. Over the whole period it spent 79% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Floyd County Friends sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 56th percentile within TX. Charities of a similar size with the same main cause include Economic Investment Fund of Henderson County Inc ($184k), Stone Community Development Corporation NFP ($184k) and Albuquerque Rotary Charitable Foundation Inc ($184k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.6% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $12k (8.9% of expenses). At year end it held assets of $1.3m against liabilities of $112, net assets of $1.3m. It reported 1 employees.