Floyd County Homeless Shelter Inc

Analysis

Floyd County Homeless Shelter Inc is a registered charity in United States, based in Prestonsburg, KY. It received its IRS tax-exemption ruling in October 2017, 9 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 Homeless Shelter Inc reported income of $76k and spending of $62k, spending 81% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $115k to $76k (-34%), an average of -34% a year. The sharpest change came in the year to December 2023, when income dropped by 34%. Over the whole period it spent 62% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Floyd County Homeless Shelter Inc sits at the 17th percentile: it is larger than about 17% of them. Against every charity in United States with reported income it ranks in the 30th percentile, and in the 28th percentile within KY. Charities of a similar size with the same main cause include Kashale Orphanage Inc ($76k), Healthy Communities Inc ($76k) and Bridge East 5 Corporation ($76k).

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 $269k against liabilities of $0, net assets of $269k.