Flume Foundation

Analysis

Flume Foundation is a registered charity in United States, based in Denver, CO. It received its IRS tax-exemption ruling in August 2019, 7 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, Flume Foundation reported income of $140k and spending of $158k, spending 113% of what it took in. Across the 4 years on record, from December 2019 to December 2023, income fell from $209k to $140k (-33%), an average of -12% a year. The sharpest change came in the year to December 2020, when income dropped by 38%. Over the whole period it spent 104% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Flume Foundation sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 42nd percentile within CO. Charities of a similar size with the same main cause include James W and Carolyn O Ritchie Supporting Organization ($140k), King Philip Music Association Inc ($140k) and Simchas Zvi Inc ($140k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 42% of the total. At year end it held assets of $54k against liabilities of $0, net assets of $54k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.