Honor Flight Inc

Analysis

Honor Flight Inc is a registered charity in United States, based in Arlington, VA. It received its IRS tax-exemption ruling in January 2006, 20 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Honor Flight Inc reported income of $3.6m and spending of $3.6m, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.6m to $3.6m (+40%), an average of +8.8% a year. The sharpest change came in the year to December 2022, when income rose by 143%. Over the whole period it spent 83% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Honor Flight Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 91st percentile within VA. Charities of a similar size with the same main cause include Solvang Friendship House ($3.6m), Georgia Options Inc ($3.6m) and Great Kids Inc ($3.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 56% and program service revenue 42% of the total. Compensation of current officers, directors and key employees was $289k (8.0% of expenses). Other salaries and wages came to $245k. At year end it held assets of $4.7m against liabilities of $51k, net assets of $4.7m. It reported 7 employees.