Never Forgotten Honor Flight Inc

Analysis

Never Forgotten Honor Flight Inc is a registered charity in United States, based in Wausau, WI. It received its IRS tax-exemption ruling in March 2011, 15 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 (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, Never Forgotten Honor Flight Inc reported income of $1.0m and spending of $725k, leaving 30% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $849k to $1.0m (+22%), an average of +5.1% a year. The sharpest change came in the year to December 2022, when income rose by 106%. Over the whole period it spent 60% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Never Forgotten Honor Flight Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 80th percentile within WI. Charities of a similar size with the same main cause include Awesome Center for Entrepreneurship Inc ($1.0m), Sandusky Artisans Cooperative ($1.0m) and Aci Center of Excellence for Nonmetallics in Building Materials ($1.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 92% and program service revenue 0.5% of the total. At year end it held assets of $3.0m against liabilities of $4,904, net assets of $3.0m.