Foundation for Flint

Analysis

Foundation for Flint is a registered charity in United States, based in Flint, MI. It received its IRS tax-exemption ruling in July 2016, 10 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 supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Foundation for Flint reported income of $277k and spending of $1.1m, spending 407% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $940k to $277k (-71%), an average of -26% a year. The sharpest change came in the year to December 2022, when income dropped by 70%. Over the whole period it spent 337% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Foundation for Flint sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 60th percentile within MI. Charities of a similar size with the same main cause include Dosti Foundation ($277k), Do Good 4 Co ($277k) and Appalachian Community Development Core Inc ($277k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 9.9% of the total. At year end it held assets of $15.4m against liabilities of $6,230, net assets of $15.4m.

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.