Flat Rock Care Center

Analysis

Flat Rock Care Center is a registered charity in United States, based in Flat Rock, OH. It received its IRS tax-exemption ruling in November 1979, 47 years ago. 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, Flat Rock Care Center reported income of $5.3m and spending of $5.4m, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $4.8m to $5.3m (+11%), an average of +2.6% a year. Over the whole period it spent 90% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Flat Rock Care Center sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 92nd percentile within OH. Charities of a similar size with the same main cause include C H Wilkinson Physician Network ($5.3m), Francenter ($5.3m) and American Society for Bone and Mineral Research ($5.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $190k (3.5% of expenses). Other salaries and wages came to $2.6m. At year end it held assets of $752k against liabilities of $2.7m, net assets of -$2.0m. It reported 99 employees.