Falcon Flying Club LLC

Analysis

Falcon Flying Club LLC is a registered charity in United States, based in Mesa, AZ. It received its IRS tax-exemption ruling in October 2022, 4 years ago. Its declared purposes cover employment, which this site groups under community and economic development. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Falcon Flying Club LLC reported income of $114k and spending of $174k, spending 154% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income grew from $65k to $114k (+74%), an average of +20% a year. The sharpest change came in the year to December 2022, when income rose by 151%. Over the whole period it spent 97% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Falcon Flying Club LLC sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 38th percentile within AZ. Charities of a similar size with the same main cause include Friendship Circle Association Inc ($113k), Towson Elks 469 Charity Fund Inc ($114k) and Columbus Compact Corporation ($113k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 24% and program service revenue 59% of the total. At year end it held assets of $173k against liabilities of $65k, net assets of $107k.