Flathead Industries

Analysis

Flathead Industries is a registered charity in United States, based in Kalispell, MT. It received its IRS tax-exemption ruling in April 1974, 52 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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 June 2024, Flathead Industries reported income of $13.3m and spending of $13.0m, spending 97% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $9.2m to $13.3m (+46%), an average of +9.8% a year. The sharpest change came in the year to June 2021, when income rose by 18%. Over the whole period it spent 92% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Flathead Industries sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 97th percentile within MT. Charities of a similar size with the same main cause include Project Access Inc ($13.3m), Impact Services Corp ($13.4m) and National Telecommuting Institute ($13.3m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 89% and program service revenue 10% of the total. Compensation of current officers, directors and key employees was $739k (5.7% of expenses). Other salaries and wages came to $8.1m. At year end it held assets of $14.4m against liabilities of $1.1m, net assets of $13.3m. It reported 319 employees.