Flying Twenties Social Club Incorporated

Analysis

Flying Twenties Social Club Incorporated is a registered charity in United States, based in Hampton, VA. It received its IRS tax-exemption ruling in October 1978, 48 years ago. 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, Flying Twenties Social Club Incorporated reported income of $63k and spending of $62k, spending 98% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $64k to $63k (-1.5%), an average of -1.5% a year. Over the whole period it spent 101% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Flying Twenties Social Club Incorporated sits at the 24th percentile: it is larger than about 24% of them. Against every charity in United States with reported income it ranks in the 25th percentile, and in the 24th percentile within VA. Charities of a similar size with the same main cause include Northwest Cabarrus High School Bible Teaching Association ($63k), Wildlife Rehabilitation and Release Association ($63k) and Amateur Athletic Union of the United States ($63k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 0.9% and program service revenue 94% of the total. At year end it held assets of $289k against liabilities of $0, net assets of $289k.