Flying T Nil Inc

Analysis

Flying T Nil Inc is a registered charity in United States, based in Dallas, TX. It received its IRS tax-exemption ruling in June 2022, 4 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Flying T Nil Inc reported income of $6.1m and spending of $4.7m, leaving 22% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $1.9m to $6.1m (+219%), an average of +219% a year. The sharpest change came in the year to December 2023, when income rose by 219%. Over the whole period it spent 74% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Flying T Nil Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 95th percentile within TX. Charities of a similar size with the same main cause include Centre County Community Foundation Inc ($6.0m), A J Fletcher Foundation ($6.1m) and Community Foundation of Central Missouri ($6.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $285k (6.0% of expenses). Other salaries and wages came to $70k. At year end it held assets of $2.2m against liabilities of $35k, net assets of $2.1m. It reported 4 employees.