FLT Holding Inc

Analysis

FLT Holding Inc is a registered charity in United States, based in Tulsa, OK. It received its IRS tax-exemption ruling in June 2021, 5 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, FLT Holding Inc reported income of $166k and spending of $453k, spending 273% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income fell from $6.6m to $166k (-98%), an average of -84% a year. The sharpest change came in the year to December 2022, when income dropped by 98%. Over the whole period it spent 33% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, FLT Holding Inc sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 50th percentile within OK. Charities of a similar size with the same main cause include Santa Ana Public Schools Foundation ($166k), Kansas City Design Center Inc ($166k) and Brown Public Library ($166k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 97% of the total. At year end it held assets of $4.7m against liabilities of $6.0m, net assets of -$1.3m.