Flyquest Inc

Analysis

Flyquest Inc is a registered charity in United States, based in Huntsville, AL. It received its IRS tax-exemption ruling in August 2013, 13 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Flyquest Inc reported income of $86k and spending of $51k, leaving 40% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $13k to $86k (+564%), an average of +564% a year. The sharpest change came in the year to December 2023, when income rose by 564%. Over the whole period it spent 127% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Flyquest Inc sits at the 35th percentile: it is larger than about 35% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 32nd percentile within AL. Charities of a similar size with the same main cause include Franklin Elementary School PTO ($86k), Friends of Drummond Inc ($86k) and Waterloo High School Bulldogs Athletic Booster Club ($86k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 67% and program service revenue 2.3% of the total. At year end it held assets of $97k against liabilities of $17k, net assets of $79k.