Able Flight Inc

Analysis

Able Flight Inc is a registered charity in United States, based in Chapel Hill, NC. It received its IRS tax-exemption ruling in July 2006, 20 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Able Flight Inc reported income of $173k and spending of $293k, spending 170% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income fell from $227k to $173k (-24%), an average of -13% a year. The sharpest change came in the year to December 2023, when income dropped by 28%. Over the whole period it spent 96% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Able Flight Inc sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 48th percentile within NC. Charities of a similar size with the same main cause include Shooting Star Foundation Inc ($173k), LA Cueva Band Boosters ($173k) and South Houston Bible Institute ($173k).

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 $68k (23% of expenses). At year end it held assets of $369k against liabilities of $0, net assets of $369k. It reported 1 employees.