Flok Health

Analysis

Flok Health is a registered charity in United States, based in Montclair, NJ. It received its IRS tax-exemption ruling in July 1994, 32 years ago. 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 March 2023, Flok Health reported income of $370k and spending of $715k, spending 193% of what it took in. Across the 5 years on record, from March 2019 to March 2023, income grew from $323k to $370k (+15%), an average of +3.5% a year. The sharpest change came in the year to March 2021, when income rose by 216%. Over the whole period it spent 72% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Flok Health sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 71st percentile within NJ. Charities of a similar size with the same main cause include Weber Human Services Foundation ($370k), Beulah Municipal Golf Club ($370k) and Finishing Trades Institute of Arizona ($370k).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 59% and program service revenue 41% of the total. Compensation of current officers, directors and key employees was $119k (17% of expenses). Other salaries and wages came to $240k. At year end it held assets of $1.0m against liabilities of $154k, net assets of $860k. It reported 4 employees.