I Can Fly International

Analysis

I Can Fly International is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in January 2005, 21 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, I Can Fly International reported income of $353k and spending of $417k, spending 118% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $314k to $353k (+12%), an average of +2.9% a year. The sharpest change came in the year to December 2020, when income rose by 45%. Over the whole period it spent 104% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, I Can Fly International sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 67th percentile within CA. Charities of a similar size with the same main cause include Fuel Freedom Foundation ($353k), Tennessee Williams Festival St Louis ($353k) and Professional Services Council Foundation ($352k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $30k (7.3% of expenses). At year end it held assets of $12k against liabilities of $52k, net assets of -$40k. It reported 1 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.