Factory Two Inc

Analysis

Factory Two Inc is a registered charity in United States, based in Flint, MI. It received its IRS tax-exemption ruling in January 2011, 15 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, Factory Two Inc reported income of $566k and spending of $423k, leaving 25% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $304k to $566k (+86%), an average of +17% a year. The sharpest change came in the year to December 2020, when income rose by 118%. Over the whole period it spent 85% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Factory Two Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 72nd percentile within MI. Charities of a similar size with the same main cause include Florida Academy of Performing Arts Inc ($566k), Bunnell Street Arts Center ($566k) and Handy Foundation Corporation ($565k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% and program service revenue 2.9% of the total. Other salaries and wages came to $169k. At year end it held assets of $439k against liabilities of $109k, net assets of $330k. It reported 14 employees.