Flota Inc

Analysis

Flota Inc is a registered charity in United States, based in Florida City, FL. It received its IRS tax-exemption ruling in November 2020, 6 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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, Flota Inc reported income of $626k and spending of $613k, spending 98% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $327k to $626k (+91%), an average of +92% a year. The sharpest change came in the year to December 2023, when income rose by 91%. Over the whole period it spent 97% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Flota Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 76th percentile within FL. Charities of a similar size with the same main cause include Girls Incorporated of Greater Miami ($626k), Carroll County 4-H and Ffa Fair Inc ($626k) and Foundation for Boys & Girls Club of McGehee Arkansas ($625k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $64k (11% of expenses). Other salaries and wages came to $207k. At year end it held assets of $70k against liabilities of $41k, net assets of $28k. It reported 13 employees.