Honor Flight Philadelphia Corporation

Analysis

Honor Flight Philadelphia Corporation is a registered charity in United States, based in West Chester, PA. It received its IRS tax-exemption ruling in December 2021, 5 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable 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 May 2024, Honor Flight Philadelphia Corporation reported income of $88k and spending of $110k, spending 124% of what it took in. Across the 4 years on record, from May 2021 to May 2024, income grew from $3,596 to $88k (+2357%), an average of +191% a year. The sharpest change came in the year to May 2022, when income rose by 1488%. Over the whole period it spent 101% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Honor Flight Philadelphia Corporation sits at the 33rd percentile: it is larger than about 33% of them. Against every charity in United States with reported income it ranks in the 34th percentile, and in the 32nd percentile within PA. Charities of a similar size with the same main cause include Northwest Austin Little Miss Kickball League Incorporated ($88k), Defiance County Historical Society ($88k) and Newton Athletic Association ($88k).

On its Form 990 for the period ending May 2024, revenue came from contributions and grants 100% of the total. At year end it held assets of $118k against liabilities of $0, net assets of $118k.