Flipany Inc

Analysis

Flipany Inc is a registered charity in United States, based in Ft Lauderdale, FL. It received its IRS tax-exemption ruling in April 2006, 20 years ago. Its declared purposes cover food, agriculture and nutrition, which this site groups under poverty relief. 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, Flipany Inc reported income of $5.9m and spending of $6.0m, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $4.8m to $5.9m (+22%), an average of +5.2% a year. The sharpest change came in the year to December 2020, when income rose by 41%. Over the whole period it spent 96% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Flipany Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 94th percentile within FL. Charities of a similar size with the same main cause include Community Action Partnership of North Dakota Inc ($5.9m), Communities in Schools of North Carolina Inc ($5.9m) and The Epilepsy Center of Northwest Ohio ($5.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 6.7% and program service revenue 93% of the total. Compensation of current officers, directors and key employees was $178k (3.0% of expenses). Other salaries and wages came to $1.4m. At year end it held assets of $3.0m against liabilities of $1.3m, net assets of $1.7m. It reported 30 employees.