Flock Inc
Flock Inc. shows fluctuating revenues and expenses, with consistent operating deficits in recent years but no reported officer compensation.
EIN: 208087695 · Boston, MA · NTEE: T22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $86.2M |
| Total Expenses | $10.3M |
| Program Spending | 80% |
| CEO/Top Officer Pay | $10 |
| Net Assets | $7.3M |
| Transparency Score | 75/100 |
Is Flock Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Flock Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Flock Inc
Flock Inc (EIN: 208087695) is a nonprofit organization based in Boston, MA, classified under NTEE code T22. The organization reported total revenue of $86.2M and total assets of $25.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Flock Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Flock Inc is a major nonprofit that has been operating for 17 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 31.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $10.0M |
| Total Expenses | $10.3M |
| Surplus / Deficit | $-329,071 |
| Total Assets | $7.3M |
| Total Liabilities | $1 |
| Net Assets | $7.3M |
| Operating Margin | -3.3% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 8.5 months |
Financial Health Grade: B
In 2023, Flock Inc reported a deficit of $329K with expenses exceeding revenue, holds 8.5 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Flock Inc's revenue has grown at a compound annual growth rate (CAGR) of 31.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -18.9% | +46.6% | -4.3% |
| 2022 | +66.0% | +2.9% | +224.9% |
| 2021 | +64.1% | +48.7% | +32.8% |
| 2020 | +16555.5% | +94.9% | -4.2% |
| 2019 | -96.4% | -51.1% | -83.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2009 |
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 Flock Inc with a Mission Score of 75 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Flock Inc allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% 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 $329K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers received compensation, which is highly favorable for a nonprofit of its size with revenues reaching nearly $10 million in 2023.
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 Flock Inc's IRS 990 filings:
- Consistent operating deficits in multiple recent years (e.g., 2023, 2020, 2019, 2015, 2013, 2012, 2011)
- Significant and unexplained revenue volatility across filing periods (e.g., $16.5M in 2014 to $27K in 2019)
- Lack of detailed functional expense breakdown in provided data, limiting full spending efficiency analysis
Strengths
The following positive indicators were identified for Flock Inc:
- No reported officer compensation across all filings, indicating strong commitment to minimizing executive overhead
- Consistently low liabilities, often reported as $0 or $1, suggesting good debt management
- Significant asset base, with $7,277,232 in 2023, providing some financial cushion
Frequently Asked Questions about Flock Inc
Is Flock Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Flock Inc (EIN: 208087695) some concerns. Mission Score: 75/100. 3 red flags identified, 3 strengths noted.
How does Flock Inc spend its money?
Flock Inc directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Flock Inc tax-deductible?
Flock Inc is registered as a tax-exempt nonprofit (EIN: 208087695). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Flock Inc CEO make?
Flock Inc's highest-compensated officer earns $10 annually. The organization reported $86.2M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Flock Inc's spending goes to programs?
Flock Inc directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Flock Inc compare to similar nonprofits?
With a transparency score of 75/100 (Good), Flock Inc is above average for NTEE category T22 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Flock Inc located?
Flock Inc is headquartered in Boston, Massachusetts and files with the IRS under EIN 208087695. It is classified under NTEE code T22.
How many years of IRS 990 filings does Flock Inc have?
Flock 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 $86.2M in total revenue.
Is Flock Inc. financially stable given its operating deficits?
Flock Inc. has experienced operating deficits in multiple years, including 2023 ($9,965,266 revenue vs. $10,294,337 expenses) and 2020 ($4,509,477 revenue vs. $4,586,696 expenses). While assets have fluctuated, the consistent deficits suggest potential long-term sustainability challenges if not addressed.
How does Flock Inc.'s lack of officer compensation impact its financial health?
The consistent reporting of 0% officer compensation is a significant positive, indicating that funds are not being used for executive salaries. This can free up resources for program activities or other operational needs, enhancing donor trust and potentially improving overall financial efficiency.
What caused the large revenue fluctuations, such as the drop from $16.5M in 2014 to $27K in 2019?
The provided data does not specify the reasons for such drastic revenue fluctuations. This could be due to the nature of its funding (e.g., large grants, project-based funding), changes in fundraising strategies, or external economic factors. Further investigation into the organization's specific activities and funding sources would be needed.
Filing History
IRS 990 filing history for Flock Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Flock Inc's revenue has grown by 2664.1%, moving from $361K to $10.0M. Total assets increased by 0.6% over the same period, from $7.2M to $7.3M. Total functional expenses rose by 628.7%, from $1.4M to $10.3M. In its most recent filing year (2023), Flock Inc reported a deficit of $329K, with expenses exceeding revenue. The organization holds $1 in liabilities against $7.3M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $7.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $10.0M | $10.3M | $7.3M | $1 | — | View 990 |
| 2022 | $12.3M | $7.0M | $7.6M | $1 | — | View 990 |
| 2021 | $7.4M | $6.8M | $2.3M | $1 | — | View 990 |
| 2020 | $4.5M | $4.6M | $1.8M | $1 | — | — |
| 2019 | $27K | $2.4M | $1.8M | $0 | — | View 990 |
| 2015 | $754K | $4.8M | $11.3M | $0 | — | View 990 |
| 2014 | $16.6M | $4.5M | $15.4M | $0 | — | View 990 |
| 2013 | $908K | $3.1M | $3.3M | $0 | — | View 990 |
| 2012 | $5K | $1.7M | $5.5M | $0 | — | View 990 |
| 2011 | $361K | $1.4M | $7.2M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $10.0M, expenses of $10.3M, and assets of $7.3M (revenue -18.9% year-over-year).
- 2022: Revenue of $12.3M, expenses of $7.0M, and assets of $7.6M (revenue +66.0% year-over-year).
- 2021: Revenue of $7.4M, expenses of $6.8M, and assets of $2.3M (revenue +64.1% year-over-year).
- 2020: Revenue of $4.5M, expenses of $4.6M, and assets of $1.8M (revenue +16555.5% year-over-year).
- 2019: Revenue of $27K, expenses of $2.4M, and assets of $1.8M (revenue -96.4% year-over-year).
- 2015: Revenue of $754K, expenses of $4.8M, and assets of $11.3M (revenue -95.5% year-over-year).
- 2014: Revenue of $16.6M, expenses of $4.5M, and assets of $15.4M (revenue +1727.3% year-over-year).
- 2013: Revenue of $908K, expenses of $3.1M, and assets of $3.3M (revenue +17929.6% year-over-year).
- 2012: Revenue of $5K, expenses of $1.7M, and assets of $5.5M (revenue -98.6% year-over-year).
- 2011: Revenue of $361K, expenses of $1.4M, and assets of $7.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Flock Inc:
Data Sources and Methodology
This transparency report for Flock 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.