Navy Legacy Flight Foundation

Analysis

Navy Legacy Flight Foundation is a registered charity in United States, based in Jackson, WY. It received its IRS tax-exemption ruling in December 2009, 17 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Navy Legacy Flight Foundation reported income of $726k and spending of $556k, leaving 23% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $379k to $726k (+92%), an average of +18% a year. The sharpest change came in the year to December 2022, when income rose by 65%. Over the whole period it spent 85% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Navy Legacy Flight Foundation sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 78th percentile within WY. Charities of a similar size with the same main cause include Kitten Krazy Inc ($726k), San Jose Theater Preservation Inc ($726k) and Docs in Progress Inc ($726k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $452k against liabilities of $0, net assets of $452k.