Flag Works Inc

Analysis

Flag Works Inc is a registered charity in United States, based in Tallahassee, FL. It received its IRS tax-exemption ruling in December 2007, 19 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Flag Works Inc reported income of $157k and spending of $194k, spending 123% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $75k to $157k (+109%), an average of +109% a year. The sharpest change came in the year to December 2023, when income rose by 109%. Over the whole period it spent 104% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Flag Works Inc sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 52nd percentile within FL. Charities of a similar size with the same main cause include Maumee Rotary Service Foundation ($157k), Karen Peterson and Dancers Inc ($157k) and Love County Health Center Foundation of Love County Oklahoma ($157k).

On its Form 990-EZ for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $137k against liabilities of $23k, net assets of $114k.