Flying Leatherneck Historical Foundation

Analysis

Flying Leatherneck Historical Foundation is a registered charity in United States, based in Irvine, CA. It received its IRS tax-exemption ruling in May 1994, 32 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, Flying Leatherneck Historical Foundation reported income of $1.7m and spending of $1.4m, spending 80% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $871k to $1.7m (+100%), an average of +19% a year. The sharpest change came in the year to December 2022, when income rose by 802%. Over the whole period it spent 39% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Flying Leatherneck Historical Foundation sits at the 91st percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 85th percentile within CA. Charities of a similar size with the same main cause include The National Theatre Foundation ($1.7m), Lake Champlain Maritime Museum at Basin Harbor Incorporated ($1.7m) and Arts of Life ($1.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 82% of the total. Other salaries and wages came to $59k. At year end it held assets of $7.9m against liabilities of $117k, net assets of $7.8m. It reported 2 employees.