Flatbush Community Fund Inc

Analysis

Flatbush Community Fund Inc is a registered charity in United States, based in Cedarhurst, NY. It received its IRS tax-exemption ruling in July 2018, 8 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 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, Flatbush Community Fund Inc reported income of $3.6m and spending of $4.0m, spending 113% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $662k to $3.6m (+438%), an average of +52% a year. The sharpest change came in the year to December 2020, when income rose by 349%. Over the whole period it spent 95% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Flatbush Community Fund Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 87th percentile within NY. Charities of a similar size with the same main cause include 4roots Foundation Inc ($3.6m), International Pain and Spine Intervention Society Inc ($3.6m) and Annette and Paul Smith Charitable Fund ($3.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 101% of the total. Compensation of current officers, directors and key employees was $380k (9.4% of expenses). Other salaries and wages came to $212k. At year end it held assets of $922k against liabilities of $244k, net assets of $678k. It reported 7 employees.