The Flaget Alumni Association Inc

Analysis

The Flaget Alumni Association Inc is a registered charity in United States, based in Louisville, KY. It received its IRS tax-exemption ruling in February 2001, 25 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general 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, The Flaget Alumni Association Inc reported income of $123k and spending of $91k, leaving 26% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $109k to $123k (+13%), an average of +13% a year. Over the whole period it spent 85% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, The Flaget Alumni Association Inc sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 42nd percentile within KY. Charities of a similar size with the same main cause include Hudsonville Public Schools Educational Foundation ($123k), Power of Play Charitable Fund Inc ($123k) and Summit Luminary Fund ($123k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 63% of the total. At year end it held assets of $65k against liabilities of $0, net assets of $65k.