Flux Factory Inc

Analysis

Flux Factory Inc is a registered charity in United States, based in Long Is City, NY. It received its IRS tax-exemption ruling in November 1999, 27 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Flux Factory Inc reported income of $300k and spending of $392k, spending 131% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $555k to $300k (-46%), an average of -14% a year. The sharpest change came in the year to December 2021, when income rose by 937%. Over the whole period it spent 36% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Flux Factory Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 58th percentile within NY. Charities of a similar size with the same main cause include Bisbee Council on the Arts & Humanities ($300k), Learnquest Inc ($300k) and International Womens Air and Space Museum Inc ($300k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 86% of the total. Other salaries and wages came to $124k. At year end it held assets of $4.9m against liabilities of $909k, net assets of $4.0m. It reported 3 employees.