Flagman Inc

Analysis

Flagman Inc is a registered charity in United States, based in Honolulu, HI. It received its IRS tax-exemption ruling in April 2022, 4 years ago. Its declared purposes cover public safety, disaster preparedness and relief, which this site groups under armed forces, emergency and public safety. 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, Flagman Inc reported income of $150k and spending of $149k, spending 99% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $85k to $150k (+76%), an average of +76% a year. The sharpest change came in the year to December 2023, when income rose by 76%. Over the whole period it spent 107% of the income it received.

Among 9,128 United States charities whose main cause is armed forces, emergency and public safety and that reported income, Flagman 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 47th percentile, and in the 45th percentile within HI. Charities of a similar size with the same main cause include Clarkridge Comm Vol Fire Dept ($150k), Greenwich Volunteer Fire Department Inc ($151k) and Deerfield Volunteer Fire Company Inc ($150k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $4,877 against liabilities of $113k, net assets of -$108k.