Is Flamboyan Foundation Inc Legit?

Quick charity verification for Flamboyan Foundation Inc (EIN: 208924675)

Verdict: Flamboyan Foundation Inc appears trustworthy

80/100Mission Score

$21.5MRevenue

$22.1MAssets

3Red Flags

4Strengths

Red Flags

Recurring instances of expenses exceeding revenue (e.g., 2023, 2022, 2020, 2013, 2012, 2011) indicate potential reliance on reserves or inconsistent funding.
Highly volatile revenue streams, with significant drops between years (e.g., $18.8M in 2021 to $5.3M in 2022), suggesting potential over-reliance on large, infrequent grants.
Consistent 0% reported officer compensation is unusual for an organization of this scale and warrants further investigation into how executive leadership is compensated.

Strengths

Strong asset base ($22,137,752 latest) provides financial stability and a buffer against revenue fluctuations.
Consistent reporting of 0% officer compensation indicates a commitment to minimizing administrative overhead or a unique compensation structure.
Significant revenue peaks (e.g., $20.7M in 2019, $18.8M in 2021) demonstrate strong fundraising capacity in certain periods.
Low liabilities relative to assets in most periods (e.g., $333,637 liabilities vs. $17,437,503 assets in 2023) indicates good financial management.

Spending Breakdown

How Flamboyan Foundation Inc allocates its funds across programs, administration, and fundraising.

85%

Program Spending

Healthy — majority goes to mission

10%

Admin Costs

Reasonable — admin costs in check

Fundraising

Within typical range

How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.

How to Interpret This Report

What Red Flags Mean

Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.

What Mission Score Measures

The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.

Using This Data for Donation Decisions

Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.

Frequently Asked Questions about Flamboyan Foundation Inc

Is Flamboyan Foundation Inc a legitimate charity?

Based on AI analysis of IRS 990 filings, Flamboyan Foundation Inc (EIN: 208924675) appears trustworthy. Mission Score: 80/100. 3 red flags identified, 4 strengths noted.

Is Flamboyan Foundation Inc a good charity to donate to?

Flamboyan Foundation Inc has a Mission Score of 80/100. Revenue: $21.5M. Assets: $22.1M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Flamboyan Foundation Inc?

The Employer Identification Number (EIN) for Flamboyan Foundation Inc is 208924675. This is the unique tax ID assigned by the IRS.

What is a Mission Score?

The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.

How does Flamboyan Foundation Inc spend its money?

Flamboyan Foundation Inc allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Flamboyan Foundation Inc's tax-exempt status?

You can verify Flamboyan Foundation Inc's tax-exempt status using EIN 208924675 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.

AI Transparency Report

The Flamboyan Foundation Inc. demonstrates a fluctuating but generally strong financial position, with its latest reported assets at $22,137,752 and latest revenue at $21,458,086. The organization has shown significant revenue variability over the past decade, with a peak of $20,745,494 in 2019 and $18,816,042 in 2021, contrasting with periods of lower revenue like $5,393,087 in 2022 and even negative revenue in 2013. This volatility suggests reliance on large, potentially episodic grants or donations.

Spending efficiency appears to be a mixed bag. In several recent periods, expenses have exceeded revenue, such as in 2023 ($9,080,936 expenses vs. $7,403,546 revenue) and 2022 ($8,041,438 expenses vs. $5,393,087 revenue), indicating the organization is drawing down on reserves or experiencing timing differences in funding. However, in other years like 2021, revenue significantly outpaced expenses ($18,816,042 revenue vs. $7,403,240 expenses), allowing for asset growth. The consistent reporting of 0% officer compensation across all available filings is a notable positive for transparency and efficiency, suggesting that executive leadership is either unpaid or compensated through other means not categorized as officer compensation on the 990, which warrants further investigation for complete understanding.

Overall, the foundation maintains a healthy asset base relative to its annual expenses, providing a buffer during periods of lower revenue. The consistent 0% officer compensation is a strong indicator of financial prudence and transparency regarding executive pay. However, the recurring instances of expenses exceeding revenue in recent years suggest a need for careful monitoring of financial sustainability and fundraising strategies to ensure long-term operational stability.

View Full Transparency Report →

Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.