Flex High School of Cleveland Inc

Analysis

Flex High School of Cleveland Inc is a registered charity in United States, based in Canton, OH. It received its IRS tax-exemption ruling in April 2021, 5 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Flex High School of Cleveland Inc reported income of $1.4m and spending of $1.6m, spending 114% of what it took in. Across the 3 years on record, from June 2021 to June 2023, income grew from $254k to $1.4m (+464%), an average of +138% a year. The sharpest change came in the year to June 2022, when income rose by 220%. Over the whole period it spent 156% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Flex High School of Cleveland Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 83rd percentile within OH. Charities of a similar size with the same main cause include Hca Building Company ($1.4m), Partnership for Housing Affordability ($1.4m) and Griptape Inc ($1.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $467k. At year end it held assets of $2.2m against liabilities of $3.6m, net assets of -$1.4m. It reported 18 employees.

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.