Honor Flight of the Quad Cities Inc

Analysis

Honor Flight of the Quad Cities Inc is a registered charity in United States, based in Davenport, IA. It received its IRS tax-exemption ruling in February 2009, 17 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 December 2023, Honor Flight of the Quad Cities Inc reported income of $511k and spending of $403k, leaving 21% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $459k to $511k (+11%), an average of +2.7% a year. The sharpest change came in the year to December 2022, when income rose by 74%. Over the whole period it spent 65% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Honor Flight of the Quad Cities Inc sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 73rd percentile within IA. Charities of a similar size with the same main cause include Franklin Area Community Services Inc ($511k), Three Sisters Garden Project Inc ($511k) and Neighbors Helping Neighbors on the Main Line ($511k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 92% of the total. At year end it held assets of $1.7m against liabilities of $0, net assets of $1.7m.