Flare Education

Analysis

Flare Education is a registered charity in United States, based in Boston, MA. It received its IRS tax-exemption ruling in December 2021, 5 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Flare Education reported income of $1.0m and spending of $970k, spending 94% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $534k to $1.0m (+93%), an average of +92% a year. The sharpest change came in the year to December 2023, when income rose by 93%. Over the whole period it spent 88% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Flare Education sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 79th percentile within MA. Charities of a similar size with the same main cause include Above and Beyond Students Inc ($1.0m), Beyond Batten Disease Foundation ($1.0m) and Wesley Community Center Inc ($1.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $389k. At year end it held assets of $1.0m against liabilities of $754k, net assets of $289k. It reported 5 employees.