Floyd Ingram Charitable Foundation Inc
Floyd Ingram Charitable Foundation maintains substantial assets with no reported officer compensation, though recent expenses have exceeded revenue.
EIN: 200185277 · Myrtle Point, OR · NTEE: T22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $96K |
| Total Expenses | $214K |
| Program Spending | 85% |
| Net Assets | $2.8M |
| Transparency Score | 85/100 |
Is Floyd Ingram Charitable Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Floyd Ingram Charitable Foundation Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Floyd Ingram Charitable Foundation Inc
Floyd Ingram Charitable Foundation Inc (EIN: 200185277) is a nonprofit organization based in Myrtle Point, OR, classified under NTEE code T22. The organization reported total revenue of $96K and total assets of $3.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Floyd Ingram Charitable Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Floyd Ingram Charitable Foundation Inc is a micro nonprofit that has been operating for 18 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 7.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $110K |
| Total Expenses | $214K |
| Surplus / Deficit | $-103,601 |
| Total Assets | $2.8M |
| Total Liabilities | $1 |
| Net Assets | $2.8M |
| Operating Margin | -93.8% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 157.2 months |
Financial Health Grade: B
In 2023, Floyd Ingram Charitable Foundation Inc reported a deficit of $104K with expenses exceeding revenue, holds 157.2 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Floyd Ingram Charitable Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 7.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +45.8% | +29.8% | +4.4% |
| 2022 | -96.0% | +32.1% | -12.8% |
| 2021 | +1085.7% | +11.4% | +167.5% |
| 2020 | +107.9% | +75.0% | +7.7% |
| 2019 | -14.4% | -16.4% | +29.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2008 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Floyd Ingram Charitable Foundation Inc with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Floyd Ingram Charitable Foundation Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $104K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that its leadership is either unpaid or compensated through other means not categorized as officer compensation, which is a strong positive for resource allocation.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Floyd Ingram Charitable Foundation Inc's IRS 990 filings:
- Consistent negative net income in recent years (e.g., 2023: $110,415 revenue vs. $214,016 expenses; 2022: $75,751 revenue vs. $164,942 expenses), indicating reliance on asset drawdowns.
Strengths
The following positive indicators were identified for Floyd Ingram Charitable Foundation Inc:
- Substantial and growing asset base, reaching over $3 million in 2021 and maintaining over $2.8 million in 2023, providing long-term stability.
- Zero reported officer compensation across all filings, indicating efficient use of funds and potentially volunteer leadership.
- Extremely low liabilities, often $1, demonstrating strong financial health and minimal debt.
- Consistent filing history over a decade, indicating good governance and transparency.
Frequently Asked Questions about Floyd Ingram Charitable Foundation Inc
Is Floyd Ingram Charitable Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Floyd Ingram Charitable Foundation Inc (EIN: 200185277) some concerns. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
How does Floyd Ingram Charitable Foundation Inc spend its money?
Floyd Ingram Charitable Foundation Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Floyd Ingram Charitable Foundation Inc tax-deductible?
Floyd Ingram Charitable Foundation Inc is registered as a tax-exempt nonprofit (EIN: 200185277). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Floyd Ingram Charitable Foundation Inc's spending goes to programs?
Floyd Ingram Charitable Foundation Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Floyd Ingram Charitable Foundation Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Floyd Ingram Charitable Foundation Inc is above average for NTEE category T22 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Floyd Ingram Charitable Foundation Inc located?
Floyd Ingram Charitable Foundation Inc is headquartered in Myrtle Point, Oregon and files with the IRS under EIN 200185277. It is classified under NTEE code T22.
How many years of IRS 990 filings does Floyd Ingram Charitable Foundation Inc have?
Floyd Ingram Charitable Foundation Inc has 10 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $96K in total revenue.
How does the foundation cover expenses when revenue is lower, as seen in 2022 and 2023?
The foundation likely draws from its substantial asset base, which stood at $2,802,736 in 2023, to cover operational expenses when annual revenue falls short, as seen when 2023 expenses ($214,016) exceeded revenue ($110,415).
What caused the significant revenue spike in 2021?
The 2021 revenue of $1,877,822, a substantial increase from prior and subsequent years, suggests a large one-time donation, bequest, or significant investment gain that dramatically increased the foundation's assets to over $3 million.
What is the primary use of the foundation's assets?
Given its charitable foundation status and consistent asset growth, the assets are likely held in an endowment or investment portfolio to generate income for grantmaking and program support, especially in years where direct revenue is lower than expenses.
Filing History
IRS 990 filing history for Floyd Ingram Charitable Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Floyd Ingram Charitable Foundation Inc's revenue has grown by 148.4%, moving from $44K to $110K. Total assets increased by 337.1% over the same period, from $641K to $2.8M. Total functional expenses rose by 361.7%, from $46K to $214K. In its most recent filing year (2023), Floyd Ingram Charitable Foundation Inc reported a deficit of $104K, with expenses exceeding revenue. The organization holds $1 in liabilities against $2.8M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $2.8M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $110K | $214K | $2.8M | $1 | — | View 990 |
| 2022 | $76K | $165K | $2.7M | $1 | — | View 990 |
| 2021 | $1.9M | $125K | $3.1M | $20K | — | View 990 |
| 2020 | $158K | $112K | $1.2M | $1 | — | — |
| 2019 | $76K | $64K | $1.1M | $24 | — | — |
| 2015 | $89K | $77K | $824K | $15K | — | View 990 |
| 2014 | $112K | $68K | $903K | $1 | — | View 990 |
| 2013 | $83K | $42K | $861K | $13K | — | View 990 |
| 2012 | $74K | $69K | $731K | $13K | — | View 990 |
| 2011 | $44K | $46K | $641K | $330 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $110K, expenses of $214K, and assets of $2.8M (revenue +45.8% year-over-year).
- 2022: Revenue of $76K, expenses of $165K, and assets of $2.7M (revenue -96.0% year-over-year).
- 2021: Revenue of $1.9M, expenses of $125K, and assets of $3.1M (revenue +1085.7% year-over-year).
- 2020: Revenue of $158K, expenses of $112K, and assets of $1.2M (revenue +107.9% year-over-year).
- 2019: Revenue of $76K, expenses of $64K, and assets of $1.1M (revenue -14.4% year-over-year).
- 2015: Revenue of $89K, expenses of $77K, and assets of $824K (revenue -20.4% year-over-year).
- 2014: Revenue of $112K, expenses of $68K, and assets of $903K (revenue +34.1% year-over-year).
- 2013: Revenue of $83K, expenses of $42K, and assets of $861K (revenue +13.3% year-over-year).
- 2012: Revenue of $74K, expenses of $69K, and assets of $731K (revenue +65.4% year-over-year).
- 2011: Revenue of $44K, expenses of $46K, and assets of $641K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Floyd Ingram Charitable Foundation Inc:
Data Sources and Methodology
This transparency report for Floyd Ingram Charitable Foundation Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.