Colonial Flag Foundation

Analysis

Colonial Flag Foundation is a registered charity in United States, based in Sandy, UT. It received its IRS tax-exemption ruling in August 2005, 21 years ago. Its declared purposes cover social science, which this site groups under arts, culture, heritage and science. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Colonial Flag Foundation reported income of $421k and spending of $494k, spending 117% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $328k to $421k (+28%), an average of +6.4% a year. The sharpest change came in the year to December 2021, when income rose by 76%. Over the whole period it spent 115% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Colonial Flag Foundation 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 67th percentile, and in the 66th percentile within UT. Charities of a similar size with the same main cause include Creative Ability Development Inc ($421k), Moore Institute for Plastic Pollution Research ($421k) and Owasso Band Patrons Club ($421k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.0% and program service revenue 100% of the total. Compensation of current officers, directors and key employees was $121k (25% of expenses). At year end it held assets of $53k against liabilities of $334k, net assets of -$281k. It reported 4 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.