George Floyd Foundation Inc

Analysis

George Floyd Foundation Inc is a registered charity in United States, based in Missouri City, TX. It received its IRS tax-exemption ruling in November 2021, 5 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 December 2022, George Floyd Foundation Inc reported income of $168k and spending of $168k, spending 100% of its income. Across the 2 years on record, from December 2021 to December 2022, income grew from $64k to $168k (+161%), an average of +161% a year. The sharpest change came in the year to December 2022, when income rose by 161%. Over the whole period it spent 202% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, George Floyd Foundation Inc sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 54th percentile within TX. Charities of a similar size with the same main cause include Nutrifund International ($168k), Rock Services Inc ($169k) and Mansion Memories ($168k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 100% of the total. At year end it held assets of $5,283 against liabilities of $4,706, net assets of $577.