Honor Flight Chicago Corp

Analysis

Honor Flight Chicago Corp is a registered charity in United States, based in Rosemont, IL. It received its IRS tax-exemption ruling in June 2008, 18 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 September 2023, Honor Flight Chicago Corp reported income of $1.4m and spending of $1.1m, spending 81% of its income. Across the 5 years on record, from September 2019 to September 2023, income fell from $2.0m to $1.4m (-30%), an average of -8.5% a year. The sharpest change came in the year to September 2020, when income dropped by 42%. Over the whole period it spent 79% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Honor Flight Chicago Corp sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 82nd percentile within IL. Charities of a similar size with the same main cause include Nehemiah Center Inc ($1.4m), Nourish Meals on Wheels ($1.4m) and Bridge Ministries Inc ($1.4m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 78% and program service revenue 7.7% of the total. Other salaries and wages came to $240k. At year end it held assets of $2.7m against liabilities of $96k, net assets of $2.6m. It reported 4 employees.