Flagship Enterprise Capital

Analysis

Flagship Enterprise Capital is a registered charity in United States, based in Anderson, IN. It received its IRS tax-exemption ruling in December 2016, 10 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 May 2023, Flagship Enterprise Capital reported income of $441k and spending of $360k, spending 82% of its income. Across the 4 years on record, from May 2020 to May 2023, income grew from $265k to $441k (+66%), an average of +18% a year. The sharpest change came in the year to May 2021, when income rose by 68%. Over the whole period it spent 48% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Flagship Enterprise Capital sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 68th percentile within IN. Charities of a similar size with the same main cause include Koinonia Ventures Inc ($440k), Associated Builders and Contractors Craft Training Trust of Alaska ($441k) and Downtown Merchants Corporation ($440k).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 80% and program service revenue 1.5% of the total. Other salaries and wages came to $74k. At year end it held assets of $1.6m against liabilities of $489k, net assets of $1.2m.