New Flexhoops Inc

Analysis

New Flexhoops Inc is a registered charity in United States, based in Mt Vernon, NY. It received its IRS tax-exemption ruling in October 2008, 18 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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, New Flexhoops Inc reported income of $123k and spending of $85k, leaving 31% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $45k to $123k (+170%), an average of +170% a year. The sharpest change came in the year to December 2023, when income rose by 170%. Over the whole period it spent 77% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, New Flexhoops Inc sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 41st percentile within NY. Charities of a similar size with the same main cause include Little League Baseball Inc ($123k), Ice Fastpitch ($123k) and Michigan Fly Fishing Club ($123k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 71% and program service revenue 9.7% of the total. At year end it held assets of $91k against liabilities of $0, net assets of $91k.