Flats Forward Inc

Analysis

Flats Forward Inc is a registered charity in United States, based in Cleveland, OH. It received its IRS tax-exemption ruling in May 2018, 8 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Flats Forward Inc reported income of $165k and spending of $133k, spending 81% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $128k to $165k (+29%), an average of +29% a year. The sharpest change came in the year to December 2023, when income rose by 29%. Over the whole period it spent 86% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Flats Forward Inc sits at the 47th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 50th percentile within OH. Charities of a similar size with the same main cause include GFWC of North Carolina Inc ($165k), Association of Forensic Quality Assurance Managers ($165k) and Manatee Justice Ministry ($165k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 60% of the total. At year end it held assets of $138k against liabilities of $0, net assets of $138k.