Honor Flight Michigan Legacy Inc

Analysis

Honor Flight Michigan Legacy Inc is a registered charity in United States, based in Royal Oak, MI. It received its IRS tax-exemption ruling in October 2007, 19 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, Honor Flight Michigan Legacy Inc reported income of $159k and spending of $268k, spending 169% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income grew from $81k to $159k (+96%), an average of +40% a year. The sharpest change came in the year to December 2023, when income rose by 45%. Over the whole period it spent 116% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Honor Flight Michigan Legacy Inc sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 48th percentile within MI. Charities of a similar size with the same main cause include Afro-American Historical and Genealogical Society ($159k), Tuscarawas Philharmonic Assn Inc ($159k) and Augusta Genealogical Society Inc ($159k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. It paid $32k in professional fundraising fees. At year end it held assets of $447k against liabilities of $0, net assets of $447k.