Honor Flight Austin

Analysis

Honor Flight Austin is a registered charity in United States, based in Austin, TX. It received its IRS tax-exemption ruling in January 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, Honor Flight Austin reported income of $551k and spending of $493k, spending 89% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $610k to $551k (-9.7%), an average of -2.5% a year. The sharpest change came in the year to December 2021, when income rose by 187%. Over the whole period it spent 69% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Honor Flight Austin sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 76th percentile within TX. Charities of a similar size with the same main cause include The Historical Society of Woodstock ($551k), Wilkes Rescue Squad Inc ($551k) and Zoroastrian Association of Houston ($551k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% of the total. At year end it held assets of $928k against liabilities of $0, net assets of $928k.