Indy Honor Flight

Analysis

Indy Honor Flight is a registered charity in United States, based in Plainfield, IN. It received its IRS tax-exemption ruling in February 2013, 13 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 December 2023, Indy Honor Flight reported income of $775k and spending of $832k, spending 107% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $534k to $775k (+45%), an average of +9.8% a year. The sharpest change came in the year to December 2022, when income rose by 381%. Over the whole period it spent 86% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Indy Honor Flight sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 77th percentile within IN. Charities of a similar size with the same main cause include I Am a Golfer Foundation ($775k), 101 Foundation Inc ($775k) and Arttable Inc ($775k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. At year end it held assets of $18k against liabilities of $0, net assets of $18k.