Honor Flight Long Island Inc

Analysis

Honor Flight Long Island Inc is a registered charity in United States, based in Hampton Bays, NY. It received its IRS tax-exemption ruling in June 2009, 17 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 June 2023, Honor Flight Long Island Inc reported income of $182k and spending of $93k, leaving 49% of income unspent that year. Across the 2 years on record, from June 2022 to June 2023, income grew from $35k to $182k (+421%), an average of +421% a year. The sharpest change came in the year to June 2023, when income rose by 421%. Over the whole period it spent 68% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Honor Flight Long Island Inc sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 49th percentile within NY. Charities of a similar size with the same main cause include National Charity League Inc-Santa Barbara ($182k), Little League Baseball Inc ($182k) and The Mifflintown Hose Co N0 1 ($182k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 79% of the total. At year end it held assets of $226k against liabilities of $0, net assets of $226k.