Flotilla 32 Inc

Analysis

Flotilla 32 Inc is a registered charity in United States, based in Secaucus, NJ. It received its IRS tax-exemption ruling in July 2021, 5 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Flotilla 32 Inc reported income of $73k and spending of $36k, leaving 51% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $95k to $73k (-23%), an average of -23% a year. The sharpest change came in the year to December 2023, when income dropped by 23%. Over the whole period it spent 40% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Flotilla 32 Inc sits at the 31st percentile: it is larger than about 31% of them. Against every charity in United States with reported income it ranks in the 28th percentile, and in the 36th percentile within NJ. Charities of a similar size with the same main cause include Richardson East Rotary Foundation ($73k), Chaparral Intermediate School Community Club ($73k) and International Shalom Fellowship ($73k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 27% of the total. At year end it held assets of $264k against liabilities of $0, net assets of $264k.