Flatwater Foundation

Analysis

Flatwater Foundation is a registered charity in United States, based in Austin, TX. It received its IRS tax-exemption ruling in May 2011, 15 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Flatwater Foundation reported income of $1.5m and spending of $1.9m, spending 127% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.4m to $1.5m (+7.2%), an average of +1.8% a year. The sharpest change came in the year to December 2021, when income rose by 29%. Over the whole period it spent 87% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Flatwater Foundation sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 87th percentile within TX. Charities of a similar size with the same main cause include Culture of Life Family Services ($1.5m), Homeless Garden Project ($1.5m) and Hark-Als Inc ($1.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 107% of the total. Compensation of current officers, directors and key employees was $382k (21% of expenses). Other salaries and wages came to $122k. At year end it held assets of $1.5m against liabilities of $97k, net assets of $1.4m. It reported 5 employees.