Flywire Charitable Foundation

Analysis

Flywire Charitable Foundation is a registered charity in United States, based in Boston, MA. It received its IRS tax-exemption ruling in June 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, Flywire Charitable Foundation reported income of $98k and spending of $98k, spending 100% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $78k to $98k (+25%), an average of +25% a year. The sharpest change came in the year to December 2023, when income rose by 25%. Over the whole period it spent 80% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Flywire Charitable Foundation sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 43rd percentile within MA. Charities of a similar size with the same main cause include Education Foundation of Greenville ($98k), Making Miracles Support Foundation ($98k) and Kootenai Electric Trust Inc ($98k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $12k against liabilities of $11k, net assets of $708.