Foundation of Flexographic Technical Association Inc

Analysis

Foundation of Flexographic Technical Association Inc is a registered charity in United States, based in Bohemia, NY. It received its IRS tax-exemption ruling in November 1974, 52 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Foundation of Flexographic Technical Association Inc reported income of $2.5m and spending of $2.8m, spending 111% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $3.1m to $2.5m (-18%), an average of -4.8% a year. The sharpest change came in the year to December 2020, when income dropped by 50%. Over the whole period it spent 111% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Foundation of Flexographic Technical Association Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 85th percentile within NY. Charities of a similar size with the same main cause include Heart of Ga Community Action Council Inc ($2.5m), Ladies of Charity ($2.5m) and Denver Pipefitters Joint ($2.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.4% and program service revenue 94% of the total. Compensation of current officers, directors and key employees was $139k (4.9% of expenses). Other salaries and wages came to $915k. At year end it held assets of $5.9m against liabilities of $3.7m, net assets of $2.3m. It reported 10 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.