Honor Flight Maine Inc

Analysis

Honor Flight Maine Inc is a registered charity in United States, based in Augusta, ME. It received its IRS tax-exemption ruling in May 2015, 11 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, Honor Flight Maine Inc reported income of $424k and spending of $309k, leaving 27% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $369k to $424k (+15%), an average of +3.6% a year. The sharpest change came in the year to December 2022, when income rose by 392%. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Honor Flight Maine Inc 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 63rd percentile within ME. Charities of a similar size with the same main cause include John B Pierce Foundation ($424k), Provincetown Community Compact Inc ($424k) and Calvary Apartments Inc ($424k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $3,129 (1.0% of expenses). At year end it held assets of $416k against liabilities of $0, net assets of $416k. It reported 1 employees.