Flamboyan Foundation Inc
Flamboyan Foundation shows fluctuating revenue and expenses, with consistent 0% reported officer compensation.
EIN: 208924675 · Washington, DC · NTEE: T23 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $21.5M |
| Total Expenses | $9.1M |
| Program Spending | 85% |
| CEO/Top Officer Pay | $7 |
| Net Assets | $17.1M |
| Transparency Score | 80/100 |
Is Flamboyan Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Flamboyan Foundation Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Flamboyan Foundation Inc
Flamboyan Foundation Inc (EIN: 208924675) is a nonprofit organization based in Washington, DC, classified under NTEE code T23. The organization reported total revenue of $21.5M and total assets of $22.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Flamboyan Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Flamboyan Foundation Inc is a large nonprofit that has been operating for 19 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 18.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $7.4M |
| Total Expenses | $9.1M |
| Surplus / Deficit | $-1,677,390 |
| Total Assets | $17.4M |
| Total Liabilities | $334K |
| Net Assets | $17.1M |
| Operating Margin | -22.7% |
| Debt-to-Asset Ratio | 1.9% |
| Months of Reserves | 23.0 months |
Financial Health Grade: B
In 2023, Flamboyan Foundation Inc reported a deficit of $1.7M with expenses exceeding revenue, holds 23.0 months of operating reserves (strong position), has a debt-to-asset ratio of 1.9% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Flamboyan Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 18.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +37.3% | +12.9% | +2.0% |
| 2022 | -71.3% | +8.6% | -26.8% |
| 2021 | +202.9% | -33.0% | +107.3% |
| 2020 | -70.1% | -1.0% | -26.9% |
| 2019 | +254.6% | +111.0% | +200.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2007 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Flamboyan Foundation Inc with a Mission Score of 80 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Flamboyan Foundation Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $1.7M, with expenses exceeding revenue.
- Debt-to-asset ratio: 1.9%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, which is highly unusual for an organization with annual expenses often exceeding $7 million. This suggests either a volunteer leadership model or that compensation is categorized differently, requiring further scrutiny for a complete picture of executive pay relative to the organization's size.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Flamboyan Foundation Inc's IRS 990 filings:
- 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
The following positive indicators were identified for Flamboyan Foundation Inc:
- 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.
Frequently Asked Questions about Flamboyan Foundation Inc
Is Flamboyan Foundation Inc a legitimate charity?
Flamboyan Foundation Inc (EIN: 208924675) is a registered tax-exempt nonprofit based in Washington DC. Our AI analysis gives it a Mission Score of 80/100. It has 10 years of IRS 990 filings on record. Total revenue: $21.5M. 3 red flags identified. 4 strengths noted. Financial health grade: B.
How does Flamboyan Foundation Inc spend its money?
Flamboyan Foundation Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Flamboyan Foundation Inc tax-deductible?
Flamboyan Foundation Inc is registered as a tax-exempt nonprofit (EIN: 208924675). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Flamboyan Foundation Inc CEO make?
Flamboyan Foundation Inc's highest-compensated officer earns $7 annually. The organization reported $21.5M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Flamboyan Foundation Inc's spending goes to programs?
Flamboyan Foundation Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Flamboyan Foundation Inc compare to similar nonprofits?
With a transparency score of 80/100 (Excellent), Flamboyan Foundation Inc is above average for NTEE category T23 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Flamboyan Foundation Inc located?
Flamboyan Foundation Inc is headquartered in Washington, Washington DC and files with the IRS under EIN 208924675. It is classified under NTEE code T23.
How many years of IRS 990 filings does Flamboyan Foundation Inc have?
Flamboyan Foundation Inc has 10 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $21.5M in total revenue.
Is Flamboyan Foundation a good charity?
Based on the available data, Flamboyan Foundation exhibits strong financial transparency regarding executive compensation (0% reported) and maintains a healthy asset base. However, the recurring instances of expenses exceeding revenue in recent years (e.g., 2023 and 2022) suggest a need to evaluate their long-term financial planning and fundraising effectiveness. The high program spending assumption (85%) is positive, but without detailed expense breakdowns, it's an estimate.
Why is officer compensation consistently 0%?
The consistent reporting of 0% for officer compensation across all 10 filings is highly unusual for an organization of this size and activity level. It could indicate that officers are volunteers, compensated by a related entity, or that their compensation is reported under other expense categories, which would require reviewing the full 990 forms for clarification.
How does the foundation manage periods where expenses exceed revenue?
In periods where expenses exceed 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), the foundation likely draws upon its accumulated assets. The organization has a substantial asset base ($22,137,752 latest reported), which provides a buffer for such operational deficits.
What caused the significant revenue fluctuations?
The significant revenue fluctuations, such as $20,745,494 in 2019 compared to $5,393,087 in 2022, suggest that the foundation may rely on large, potentially multi-year grants or a few major donors. This can lead to high variability in annual income, making financial planning more challenging.
Filing History
IRS 990 filing history for Flamboyan Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Flamboyan Foundation Inc's revenue has grown by 646.4%, moving from $992K to $7.4M. Total assets increased by 91.5% over the same period, from $9.1M to $17.4M. Total functional expenses rose by 251.3%, from $2.6M to $9.1M. In its most recent filing year (2023), Flamboyan Foundation Inc reported a deficit of $1.7M, with expenses exceeding revenue. The organization holds $334K in liabilities against $17.4M in assets (debt-to-asset ratio: 1.9%), resulting in net assets of $17.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $7.4M | $9.1M | $17.4M | $334K | — | — |
| 2022 | $5.4M | $8.0M | $17.1M | $243K | — | View 990 |
| 2021 | $18.8M | $7.4M | $23.3M | $1.1M | — | View 990 |
| 2020 | $6.2M | $11.1M | $11.3M | $969K | — | View 990 |
| 2019 | $20.7M | $11.2M | $15.4M | $294K | — | View 990 |
| 2015 | $5.9M | $5.3M | $5.1M | $11K | — | View 990 |
| 2014 | $5.2M | $4.3M | $4.6M | $198K | — | View 990 |
| 2013 | $-140,348 | $3.5M | $3.4M | $3K | — | View 990 |
| 2012 | $755K | $2.8M | $7.1M | $11K | — | View 990 |
| 2011 | $992K | $2.6M | $9.1M | $2K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $7.4M, expenses of $9.1M, and assets of $17.4M (revenue +37.3% year-over-year).
- 2022: Revenue of $5.4M, expenses of $8.0M, and assets of $17.1M (revenue -71.3% year-over-year).
- 2021: Revenue of $18.8M, expenses of $7.4M, and assets of $23.3M (revenue +202.9% year-over-year).
- 2020: Revenue of $6.2M, expenses of $11.1M, and assets of $11.3M (revenue -70.1% year-over-year).
- 2019: Revenue of $20.7M, expenses of $11.2M, and assets of $15.4M (revenue +254.6% year-over-year).
- 2015: Revenue of $5.9M, expenses of $5.3M, and assets of $5.1M (revenue +11.8% year-over-year).
- 2014: Revenue of $5.2M, expenses of $4.3M, and assets of $4.6M.
- 2013: Revenue of $-140,348, expenses of $3.5M, and assets of $3.4M (revenue -118.6% year-over-year).
- 2012: Revenue of $755K, expenses of $2.8M, and assets of $7.1M (revenue -23.9% year-over-year).
- 2011: Revenue of $992K, expenses of $2.6M, and assets of $9.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Flamboyan Foundation Inc:
Data Sources and Methodology
This transparency report for Flamboyan Foundation Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.