Flance Management Inc

Analysis

Flance Management Inc is a registered charity in United States, based in Saint Louis, MO. It received its IRS tax-exemption ruling in August 2014, 12 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 June 2024, Flance Management Inc reported income of $3.4m and spending of $3.0m, spending 88% of its income. Across the 6 years on record, from December 2019 to June 2024, income grew from $1.8m to $3.4m (+87%), an average of +13% a year. The sharpest change came in the year to June 2021, when income rose by 144%. Over the whole period it spent 88% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Flance Management Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 88th percentile within MO. Charities of a similar size with the same main cause include Adopt America Network ($3.4m), Ritenour Co-Care Inc ($3.4m) and Community House Inc ($3.4m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 52% and program service revenue 47% of the total. Compensation of current officers, directors and key employees was $103k (3.4% of expenses). Other salaries and wages came to $1.9m. At year end it held assets of $1.4m against liabilities of $139k, net assets of $1.3m. It reported 67 employees.