Quick charity verification for Flnc Inc (EIN: 205774761)
Verdict: Flnc Inc appears trustworthy
95/100Mission Score
$29.4MRevenue
$43.4MAssets
1Red Flags
5Strengths
Red Flags
NTEE Code is unknown, which limits understanding of its specific programmatic focus.
Strengths
Consistent revenue growth, from $19.7M in 2013 to $28.9M in 2022.
Significant asset growth, from $18.5M in 2013 to $43.4M in 2022.
Exceptional transparency with 0% reported officer compensation across all filings.
Healthy operational surplus, with revenues consistently exceeding expenses.
Strong program spending efficiency (estimated 90% of expenses).
Spending Breakdown
How Flnc Inc allocates its funds across programs, administration, and fundraising.
90%
Program Spending
Healthy — majority goes to mission
7%
Admin Costs
Reasonable — admin costs in check
3%
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 Flnc Inc
Is Flnc Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Flnc Inc (EIN: 205774761) appears trustworthy. Mission Score: 95/100. 1 red flag identified, 5 strengths noted.
Is Flnc Inc a good charity to donate to?
Flnc Inc has a Mission Score of 95/100. Revenue: $29.4M. Assets: $43.4M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Flnc Inc?
The Employer Identification Number (EIN) for Flnc Inc is 205774761. 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 Flnc Inc spend its money?
Flnc Inc allocates 90% to programs, 7% to administration, and 3% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Flnc Inc's tax-exempt status?
You can verify Flnc Inc's tax-exempt status using EIN 205774761 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
Flnc Inc demonstrates consistent financial growth and strong program spending based on its IRS 990 filings. In 2022, the organization reported revenues of $28,894,680 against expenses of $28,137,647, indicating a healthy operational surplus. The organization's assets have grown significantly over the past decade, from $18,467,393 in 2013 to $43,448,284 in 2022, while liabilities have remained manageable relative to assets. This financial stability suggests a well-managed organization capable of sustaining its operations.
The spending efficiency appears robust, with a high percentage of expenses directed towards program services. The consistent reporting of 0% officer compensation across all available filings is a notable indicator of transparency and a commitment to directing funds towards the mission rather than executive salaries. This practice, combined with a steady increase in revenue and assets, paints a picture of a financially sound and mission-focused nonprofit. The organization's ability to maintain a positive net income year over year, as seen by revenues consistently exceeding expenses, further solidifies its financial health.