DFW Honor Flight

Analysis

DFW Honor Flight is a registered charity in United States, based in Flower Mound, TX. It received its IRS tax-exemption ruling in October 2012, 14 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, DFW Honor Flight reported income of $251k and spending of $361k, spending 144% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $248k to $251k (+1.0%), an average of +0.2% a year. The sharpest change came in the year to December 2021, when income rose by 90%. Over the whole period it spent 106% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, DFW Honor Flight sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 62nd percentile within TX. Charities of a similar size with the same main cause include CE Shop Foundation ($250k), Ottawa Area Housing Incorporated ($251k) and Future Farmers of America and Its State Associations & Local Chapter ($250k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 78% of the total. At year end it held assets of $182k against liabilities of $0, net assets of $182k.