Foundation for the Flint Cultural Center

Analysis

Foundation for the Flint Cultural Center is a registered charity in United States, based in Flint, MI. It received its IRS tax-exemption ruling in May 2001, 25 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Foundation for the Flint Cultural Center reported income of $5.1m and spending of $1.1m, leaving 78% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $4.9m to $5.1m (+3.5%), an average of +0.9% a year. The sharpest change came in the year to December 2023, when income dropped by 44%. Over the whole period it spent 17% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Foundation for the Flint Cultural Center sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 92nd percentile within MI. Charities of a similar size with the same main cause include Houston Symphony Endowment ($5.1m), American Choral Directors ($5.1m) and Hawaii Symphony Orchestra ($5.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 78% of the total. At year end it held assets of $48.1m against liabilities of $0, net assets of $48.1m.