I Fly Young Inc

Analysis

I Fly Young Inc is a registered charity in United States, based in Fremont, CA. It received its IRS tax-exemption ruling in August 2014, 12 years ago. Its declared purposes cover education, which this site groups under education and training. 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, I Fly Young Inc reported income of $353k and spending of $415k, spending 118% of what it took in. Across the 3 years on record, from December 2019 to December 2023, income grew from $225k to $353k (+57%), an average of +25% a year. The sharpest change came in the year to December 2022, when income rose by 54%. Over the whole period it spent 98% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, I Fly Young Inc sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 67th percentile within CA. Charities of a similar size with the same main cause include Charter Facilities Support Corporation ($353k), Park Tudor Trust ($353k) and Twin City Area Catholic School Fund Inc ($353k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.6% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $77k (18% of expenses). Other salaries and wages came to $176k. At year end it held assets of $120k against liabilities of $0, net assets of $120k. It reported 24 employees.