Honor Flight of West Central Florida

Analysis

Honor Flight of West Central Florida is a registered charity in United States, based in St Petersburg, FL. It received its IRS tax-exemption ruling in March 2011, 15 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general 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 of West Central Florida reported income of $345k and spending of $353k, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $300k to $345k (+15%), an average of +3.5% a year. The sharpest change came in the year to December 2022, when income rose by 100%. Over the whole period it spent 80% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Honor Flight of West Central Florida sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 67th percentile within FL. Charities of a similar size with the same main cause include Bonfare Markets Charitable Foundation ($345k), Credit Union of Colorado Foundation ($346k) and American Lebanese Tripolian Organization Inc ($345k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. At year end it held assets of $417k against liabilities of $0, net assets of $417k.