True North Flexstaff Inc

Analysis

True North Flexstaff Inc is a registered charity in United States, based in Westbury, NY. It received its IRS tax-exemption ruling in June 2019, 7 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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, True North Flexstaff Inc reported income of $17.4m and spending of $19.2m, spending 111% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $6.3m to $17.4m (+175%), an average of +29% a year. The sharpest change came in the year to December 2021, when income rose by 199%. Over the whole period it spent 78% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, True North Flexstaff Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 95th percentile within NY. Charities of a similar size with the same main cause include Goodwill Industries of Northeast Texas Inc ($17.4m), Christian Opportunity Center ($17.4m) and Bronx Community Health Network Inc ($17.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.7% and program service revenue 99% of the total. Other salaries and wages came to $12.9m. At year end it held assets of $17.0m against liabilities of $631k, net assets of $16.4m. It reported 15,946 employees.