Flat Rock Park And Recreation Foundation Inc
EIN: 611717036 · Flat Rock, NC · NTEE: N32
| Metric | Value |
|---|---|
| Total Revenue | $195K |
| Total Expenses | $143K |
| Net Assets | $597K |
Is Flat Rock Park And Recreation Foundation Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Flat Rock Park And Recreation Foundation Inc
Flat Rock Park And Recreation Foundation Inc (EIN: 611717036) is a nonprofit organization based in Flat Rock, NC, classified under NTEE code N32. The organization reported total revenue of $195K and total assets of $639K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Flat Rock Park And Recreation Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Flat Rock Park And Recreation Foundation Inc is a small nonprofit that has been operating for 12 years, with 11 years of IRS 990 filings on record (2013–2023). Revenue has grown at a compound annual rate of 35.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $221K |
| Total Expenses | $143K |
| Surplus / Deficit | +$78K |
| Total Assets | $597K |
| Net Assets | $597K |
| Operating Margin | 35.2% |
| Months of Reserves | 50.0 months |
Financial Health Grade: A
In 2023, Flat Rock Park And Recreation Foundation Inc reported a surplus of $78K with revenue exceeding expenses, holds 50.0 months of operating reserves (strong position).
Financial Trends
Over 11 years of filings (2013–2023), Flat Rock Park And Recreation Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 35.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +21.4% | +107.4% | +15.0% |
| 2022 | -2.0% | -35.0% | +27.8% |
| 2021 | +7.9% | -45.8% | +24.2% |
| 2020 | -37.6% | -26.9% | -6.8% |
| 2019 | -15.4% | -43.4% | +0.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2014 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Flat Rock Park And Recreation Foundation Inc has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Flat Rock Park And Recreation Foundation Inc with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $78K, with revenue exceeding expenses.
Frequently Asked Questions about Flat Rock Park And Recreation Foundation Inc
Is Flat Rock Park And Recreation Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Flat Rock Park And Recreation Foundation Inc (EIN: 611717036) insufficient data. 0 red flags identified, 0 strengths noted.
How does Flat Rock Park And Recreation Foundation Inc spend its money?
Detailed spending breakdown data is not yet available for Flat Rock Park And Recreation Foundation Inc. Check back for updated IRS 990 analysis.
Are donations to Flat Rock Park And Recreation Foundation Inc tax-deductible?
Flat Rock Park And Recreation Foundation Inc is registered as a tax-exempt nonprofit (EIN: 611717036). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Flat Rock Park And Recreation Foundation Inc located?
Flat Rock Park And Recreation Foundation Inc is headquartered in Flat Rock, North Carolina and files with the IRS under EIN 611717036. It is classified under NTEE code N32.
How many years of IRS 990 filings does Flat Rock Park And Recreation Foundation Inc have?
Flat Rock Park And Recreation Foundation Inc has 11 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 $195K in total revenue.
Filing History
IRS 990 filing history for Flat Rock Park And Recreation Foundation Inc showing financial trends over 11 years of public records:
Over 11 years of IRS 990 filings (2013–2023), Flat Rock Park And Recreation Foundation Inc's revenue has grown by 1908%, moving from $11K to $221K. Total assets increased by 6474.1% over the same period, from $9K to $597K. Total functional expenses rose by 7377.7%, from $2K to $143K. In its most recent filing year (2023), Flat Rock Park And Recreation Foundation Inc reported a surplus of $78K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $221K | $143K | $597K | $0 | — | — |
| 2022 | $182K | $69K | $520K | $0 | — | View 990 |
| 2021 | $186K | $106K | $407K | $0 | — | View 990 |
| 2020 | $172K | $196K | $327K | $250 | — | View 990 |
| 2019 | $276K | $268K | $351K | $181 | — | View 990 |
| 2018 | $326K | $473K | $351K | $8K | — | View 990 |
| 2017 | $174K | $82K | $474K | $0 | — | View 990 |
| 2016 | $510K | $359K | $509K | $0 | — | View 990 |
| 2015 | $448K | $107K | $358K | $0 | — | View 990 |
| 2014 | $19K | $11K | $17K | $0 | — | View 990 |
| 2013 | $11K | $2K | $9K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $221K, expenses of $143K, and assets of $597K (revenue +21.4% year-over-year).
- 2022: Revenue of $182K, expenses of $69K, and assets of $520K (revenue -2.0% year-over-year).
- 2021: Revenue of $186K, expenses of $106K, and assets of $407K (revenue +7.9% year-over-year).
- 2020: Revenue of $172K, expenses of $196K, and assets of $327K (revenue -37.6% year-over-year).
- 2019: Revenue of $276K, expenses of $268K, and assets of $351K (revenue -15.4% year-over-year).
- 2018: Revenue of $326K, expenses of $473K, and assets of $351K (revenue +86.7% year-over-year).
- 2017: Revenue of $174K, expenses of $82K, and assets of $474K (revenue -65.8% year-over-year).
- 2016: Revenue of $510K, expenses of $359K, and assets of $509K (revenue +14.0% year-over-year).
- 2015: Revenue of $448K, expenses of $107K, and assets of $358K (revenue +2250.7% year-over-year).
- 2014: Revenue of $19K, expenses of $11K, and assets of $17K (revenue +73.1% year-over-year).
- 2013: Revenue of $11K, expenses of $2K, and assets of $9K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Flat Rock Park And Recreation Foundation Inc:
Data Sources and Methodology
This transparency report for Flat Rock Park And Recreation 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.