Flags for Vets Inc

Analysis

Flags for Vets Inc is a registered charity in United States, based in Auburn, AL. It received its IRS tax-exemption ruling in March 2017, 9 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable 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, Flags for Vets Inc reported income of $120k and spending of $120k, spending 100% of its income. Across the 4 years on record, from December 2019 to December 2023, income grew from $116k to $120k (+3.7%), an average of +1.2% a year. The sharpest change came in the year to December 2022, when income dropped by 30%. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Flags for Vets Inc sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 41st percentile within AL. Charities of a similar size with the same main cause include PTA New Jersey Congress of Parents & Teachers ($120k), Davenport Central Band Parents Assn Inc ($120k) and Harrah Senior Citizens Inc ($120k).

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 $769 against liabilities of $0, net assets of $769.