Puget Sound Honor Flight

Analysis

Puget Sound Honor Flight is a registered charity in United States, based in Normandy Park, WA. It received its IRS tax-exemption ruling in February 2014, 12 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, Puget Sound Honor Flight reported income of $261k and spending of $197k, leaving 25% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $288k to $261k (-9.2%), an average of -2.4% a year. The sharpest change came in the year to December 2023, when income rose by 168%. Over the whole period it spent 45% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Puget Sound 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 59th percentile, and in the 57th percentile within WA. Charities of a similar size with the same main cause include Miliani High School Music Booster Club ($261k), Kearney RHF Housing Inc ($261k) and Scots for Youth Inc ($261k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 92% of the total. At year end it held assets of $1.1m against liabilities of $0, net assets of $1.1m.