Vermont Flight Academy Inc

Analysis

Vermont Flight Academy Inc is a registered charity in United States, based in S Burlington, VT. It received its IRS tax-exemption ruling in December 2010, 16 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Vermont Flight Academy Inc reported income of $2.7m and spending of $2.8m, spending 104% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.5m to $2.7m (+73%), an average of +15% a year. The sharpest change came in the year to June 2021, when income rose by 47%. Over the whole period it spent 92% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Vermont Flight Academy Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 87th percentile within VT. Charities of a similar size with the same main cause include Procedural Learning and Safety Collaborative ($2.7m), Parents for Montessori Education Inc ($2.7m) and Cedar Falls Community Schoolsfoundation ($2.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 1.0% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $125k (4.5% of expenses). Other salaries and wages came to $908k. At year end it held assets of $2.5m against liabilities of $821k, net assets of $1.6m. It reported 55 employees.