Floyd County Legacy Foundation

Analysis

Floyd County Legacy Foundation is a registered charity in United States, based in New Albany, IN. It received its IRS tax-exemption ruling in August 2020, 6 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. The IRS classifies it as a supporting organisation (type ii) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Floyd County Legacy Foundation reported income of $857k and spending of $2.0m, spending 233% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $8.1m to $857k (-89%), an average of -43% a year. The sharpest change came in the year to December 2020, when income rose by 143%. Over the whole period it spent 11% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Floyd County Legacy Foundation sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 78th percentile within IN. Charities of a similar size with the same main cause include Association of School Business Officials International ($856k), Blue Hill Montessori School Inc ($857k) and Sunshine Montessori School Inc ($856k).

At year end it held assets of $30.8m against liabilities of $0, net assets of $30.8m.