Historic Flat Rock Inc

Analysis

Historic Flat Rock Inc is a registered charity in United States, based in Flat Rock, NC. It received its IRS tax-exemption ruling in January 1969, 57 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, Historic Flat Rock Inc reported income of $69k and spending of $88k, spending 128% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $73k to $69k (-4.5%), an average of -1.1% a year. The sharpest change came in the year to December 2022, when income dropped by 61%. Over the whole period it spent 91% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Historic Flat Rock Inc sits at the 27th percentile: it is larger than about 27% of them. Against every charity in United States with reported income it ranks in the 27th percentile, and in the 25th percentile within NC. Charities of a similar size with the same main cause include Gertrude Herbert Art Endowment Inc ($69k), Colorado Environmental Certification & Training Inc ($69k) and Jones Allsports Association ($69k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 79% and program service revenue 8.1% of the total. At year end it held assets of $719k against liabilities of $286, net assets of $719k.