Flagship Detroit Foundation

Analysis

Flagship Detroit Foundation is a registered charity in United States, based in Shelbyville, TN. It received its IRS tax-exemption ruling in September 2005, 21 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, Flagship Detroit Foundation reported income of $214k and spending of $89k, leaving 58% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $108k to $214k (+98%), an average of +98% a year. The sharpest change came in the year to December 2023, when income rose by 98%. Over the whole period it spent 49% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Flagship Detroit Foundation sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 56th percentile within TN. Charities of a similar size with the same main cause include Pyramid Music Program ($214k), The Uncommon Friends Foundation Inc ($214k) and Chinese American Arts Council Incorporated ($214k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 52% and program service revenue 47% of the total. At year end it held assets of $556k against liabilities of $0, net assets of $556k.