Flag Velo Inc

Analysis

Flag Velo Inc is a registered charity in United States, based in Flagstaff, AZ. It received its IRS tax-exemption ruling in May 2013, 13 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Flag Velo Inc reported income of $177k and spending of $132k, leaving 26% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $41k to $177k (+331%), an average of +331% a year. The sharpest change came in the year to December 2023, when income rose by 331%. Over the whole period it spent 65% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Flag Velo Inc sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 48th percentile within AZ. Charities of a similar size with the same main cause include Friends of Downtown Pensacola Inc ($177k), Downtown Syracuse Foundation Inc ($177k) and New Wilmington Edcom ($177k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $169k against liabilities of $0, net assets of $169k.