Tag Flatbush

Analysis

Tag Flatbush is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in February 2013, 13 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, Tag Flatbush reported income of $912k and spending of $878k, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $493k to $912k (+85%), an average of +17% a year. The sharpest change came in the year to December 2022, when income rose by 36%. Over the whole period it spent 109% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Tag Flatbush sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 74th percentile within NY. Charities of a similar size with the same main cause include Mercer County Womens Action and Resource Center ($912k), Universal Peace Federation USA Inc ($912k) and Friends of Action Group on Erosion Technology and Concentration Inc ($912k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 110% of the total. Compensation of current officers, directors and key employees was $224k (25% of expenses). At year end it held assets of $329k against liabilities of $535k, net assets of -$206k. It reported 17 employees.