Flute Society of Washington Inc

Analysis

Flute Society of Washington Inc is a registered charity in United States, based in Ashburn, VA. It received its IRS tax-exemption ruling in June 1968, 58 years ago. 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 August 2023, Flute Society of Washington Inc reported income of $68k and spending of $75k, spending 110% of what it took in. Across the 2 years on record, from August 2022 to August 2023, income grew from $26k to $68k (+162%), an average of +162% a year. The sharpest change came in the year to August 2023, when income rose by 162%. Over the whole period it spent 108% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Flute Society of Washington Inc sits at the 26th percentile: it is larger than about 26% of them. Against every charity in United States with reported income it ranks in the 27th percentile, and in the 26th percentile within VA. Charities of a similar size with the same main cause include Reverend Robert J Loftus Endowment and Scholarship Fund ($68k), Cherokee Baptist Helping Hands Ministry Inc ($68k) and Literacy Council of Kingsport Inc ($68k).

On its Form 990-EZ for the period ending August 2023, revenue came from contributions and grants 2.1% and program service revenue 70% of the total. At year end it held assets of $73k against liabilities of $0, net assets of $73k.