Flag Star Football Foundation

Analysis

Flag Star Football Foundation is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in November 2016, 10 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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 Star Football Foundation reported income of $1.7m and spending of $1.7m, spending 101% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $294k to $1.7m (+472%), an average of +79% a year. The sharpest change came in the year to December 2021, when income rose by 177%. Over the whole period it spent 100% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Flag Star Football Foundation sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 64th percentile within DC. Charities of a similar size with the same main cause include Manatee River Fair Association Inc ($1.7m), Delmarva Aces Baseball and Softball Inc ($1.7m) and Active Kids Association of Sport ($1.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 7.9% and program service revenue 92% of the total. Compensation of current officers, directors and key employees was $96k (5.7% of expenses). Other salaries and wages came to $406k. At year end it held assets of $3,294 against liabilities of $6,138, net assets of -$2,844. It reported 10 employees.