Flatiron Crossroads Inc

Analysis

Flatiron Crossroads Inc is a registered charity in United States, based in Ware Neck, VA. It received its IRS tax-exemption ruling in July 2019, 7 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Flatiron Crossroads Inc reported income of $148k and spending of $160k, spending 108% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $175k to $148k (-16%), an average of -16% a year. The sharpest change came in the year to December 2023, when income dropped by 16%. Over the whole period it spent 98% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Flatiron Crossroads Inc sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 46th percentile within VA. Charities of a similar size with the same main cause include Island Arts Council ($148k), Los Angeles Theatre Organ Society ($148k) and Museum of the Mountain West ($148k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 8.8% and program service revenue 88% of the total. At year end it held assets of $31k against liabilities of $367, net assets of $31k.