Flagship Enterprise Center Inc

Analysis

Flagship Enterprise Center Inc is a registered charity in United States, based in Anderson, IN. It received its IRS tax-exemption ruling in February 2004, 22 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 supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending May 2023, Flagship Enterprise Center Inc reported income of $3.4m and spending of $3.4m, spending 98% of its income. Across the 4 years on record, from May 2020 to May 2023, income fell from $3.5m to $3.4m (-0.8%), an average of -0.3% a year. The sharpest change came in the year to May 2022, when income rose by 145%. Over the whole period it spent 61% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Flagship Enterprise Center Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 90th percentile within IN. Charities of a similar size with the same main cause include Historic South Initiative ($3.4m), Drug Free Business ($3.5m) and Florida Community Development Corporation ($3.4m).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 44% and program service revenue 46% of the total. Other salaries and wages came to $1.1m. At year end it held assets of $34.3m against liabilities of $3.2m, net assets of $31.1m.