Father Flanagans Fund for Needy Children

Analysis

Father Flanagans Fund for Needy Children is a registered charity in United States, based in Boys Town, NE. It received its IRS tax-exemption ruling in January 1990, 36 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Father Flanagans Fund for Needy Children reported income of $30.0m and spending of $56.2m, spending 187% of what it took in. Across the 6 years on record, from December 2018 to December 2023, income fell from $64.2m to $30.0m (-53%), an average of -14% a year. The sharpest change came in the year to December 2023, when income dropped by 60%. Over the whole period it spent 99% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Father Flanagans Fund for Needy Children sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within NE. Charities of a similar size with the same main cause include The Jubilee Association of Maryland Inc ($30.0m), Southeastern Guide Dogs Inc ($30.0m) and St Johns Lutheran Ministries Inc ($30.0m).

At year end it held assets of $1.04bn against liabilities of $1.1m, net assets of $1.04bn.