FLCCT Inc

Analysis

FLCCT Inc is a registered charity in United States, based in Austin, TX. It received its IRS tax-exemption ruling in April 2005, 21 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, FLCCT Inc reported income of $528k and spending of $237k, leaving 55% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income grew from $427k to $528k (+24%), an average of +7.3% a year. The sharpest change came in the year to December 2023, when income rose by 37%. Over the whole period it spent 57% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, FLCCT Inc sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 75th percentile within TX. Charities of a similar size with the same main cause include She Ready Foundation ($528k), Kolel Damsek Eliezer Inc ($528k) and Academy for Myotherapy and Physical Fitness ($528k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% and program service revenue 4.5% of the total. Compensation of current officers, directors and key employees was $154k (65% of expenses). Other salaries and wages came to $23k. At year end it held assets of $896k against liabilities of $5,665, net assets of $890k. It reported 4 employees.