Honor Flight Bluegrass Chapter Inc

Analysis

Honor Flight Bluegrass Chapter Inc is a registered charity in United States, based in Louisville, KY. It received its IRS tax-exemption ruling in May 2011, 15 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. 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 Bluegrass Chapter Inc reported income of $322k and spending of $211k, leaving 34% of income unspent that year. Across the 6 years on record, from December 2018 to December 2023, income fell from $359k to $322k (-10%), an average of -2.1% a year. The sharpest change came in the year to December 2022, when income rose by 75%. Over the whole period it spent 94% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Honor Flight Bluegrass Chapter Inc sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 63rd percentile within KY. Charities of a similar size with the same main cause include USA Hockey Inc ($322k), Mainstreet Libertyville Inc ($322k) and Volunteers of America Inc ($322k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 77% of the total. At year end it held assets of $369k against liabilities of $0, net assets of $369k.