Flying High Inc

Analysis

Flying High Inc is a registered charity in United States, based in Youngstown, OH. It received its IRS tax-exemption ruling in April 1994, 32 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Flying High Inc reported income of $2.8m and spending of $2.5m, spending 87% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.4m to $2.8m (+105%), an average of +20% a year. The sharpest change came in the year to June 2022, when income rose by 68%. Over the whole period it spent 93% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Flying High 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 89th percentile, and in the 89th percentile within OH. Charities of a similar size with the same main cause include Community YMCA of Alamance County Inc ($2.8m), Community Help in Park Slope Inc ($2.8m) and Crisis House ($2.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 76% and program service revenue 22% of the total. Compensation of current officers, directors and key employees was $80k (3.2% of expenses). Other salaries and wages came to $981k. At year end it held assets of $2.7m against liabilities of $1.2m, net assets of $1.4m. It reported 45 employees.