Folded Flag Foundation Inc

Analysis

Folded Flag Foundation Inc is a registered charity in United States, based in Jacksonville, FL. It received its IRS tax-exemption ruling in July 2014, 12 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable 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, Folded Flag Foundation Inc reported income of $4.9m and spending of $5.0m, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $4.7m to $4.9m (+3.0%), an average of +0.7% a year. The sharpest change came in the year to December 2021, when income rose by 21%. Over the whole period it spent 78% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Folded Flag Foundation Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 93rd percentile within FL. Charities of a similar size with the same main cause include Detroit Urban League ($4.9m), Innovative Industries Inc ($4.9m) and Ronald McDonald House Charities of Oklahoma City Inc ($4.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 91% of the total. Compensation of current officers, directors and key employees was $96k (1.9% of expenses). Other salaries and wages came to $230k. At year end it held assets of $11.8m against liabilities of $30k, net assets of $11.8m. It reported 6 employees.