Flywheel Social Enterprise Hub

Analysis

Flywheel Social Enterprise Hub is a registered charity in United States, based in Cincinnati, OH. It received its IRS tax-exemption ruling in April 2014, 12 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Flywheel Social Enterprise Hub reported income of $361k and spending of $253k, leaving 30% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $353k to $361k (+2.0%), an average of +0.5% a year. The sharpest change came in the year to December 2023, when income dropped by 27%. Over the whole period it spent 89% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Flywheel Social Enterprise Hub sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 65th percentile within OH. Charities of a similar size with the same main cause include San Diego Navy League Foundation Inc ($360k), Department of Texas Veterans of Foreign Wars Foundation ($361k) and Residential Properties Inc ($360k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $100k (40% of expenses). Other salaries and wages came to $45k. At year end it held assets of $345k against liabilities of $92k, net assets of $253k. It reported 4 employees.