Free 2 Fly

Analysis

Free 2 Fly is a registered charity in United States, based in Cleveland, TN. It received its IRS tax-exemption ruling in July 2014, 12 years ago. Its declared purposes cover unknown, 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, Free 2 Fly reported income of $425k and spending of $369k, spending 87% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $372k to $425k (+14%), an average of +3.4% a year. The sharpest change came in the year to December 2022, when income rose by 29%. Over the whole period it spent 101% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Free 2 Fly sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 69th percentile within TN. Charities of a similar size with the same main cause include Hickory Hollow Christian School ($425k), John Paulding Historical Society Inc ($425k) and P a C E Inc ($425k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 44% of the total. Compensation of current officers, directors and key employees was $43k (12% of expenses). Other salaries and wages came to $145k. At year end it held assets of $749k against liabilities of $598k, net assets of $151k. It reported 16 employees.