Flying V Ltd

Analysis

Flying V Ltd is a registered charity in United States, based in Bethesda, MD. It received its IRS tax-exemption ruling in October 2014, 12 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 V Ltd reported income of $288k and spending of $295k, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $259k to $288k (+11%), an average of +2.6% a year. Over the whole period it spent 101% 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 V Ltd sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 61st percentile within MD. Charities of a similar size with the same main cause include Lakeville Community Access Media Inc ($288k), Manship Artist Residence and Studios Inc ($288k) and Southeastern Minnesota Youth Orchestra Inc ($288k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 61% and program service revenue 39% of the total. Compensation of current officers, directors and key employees was $36k (12% of expenses). Other salaries and wages came to $68k. At year end it held assets of $21k against liabilities of $0, net assets of $21k. It reported 1 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.