Honor Flight of Northern New Mexico

Analysis

Honor Flight of Northern New Mexico is a registered charity in United States, based in Albuquerque, NM. It received its IRS tax-exemption ruling in July 2015, 11 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 of Northern New Mexico reported income of $118k and spending of $109k, spending 92% of its income. Across the 3 years on record, from December 2020 to December 2023, income grew from $11k to $118k (+1014%), an average of +234% a year. The sharpest change came in the year to December 2022, when income rose by 669%. Over the whole period it spent 97% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Honor Flight of Northern New Mexico sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 37th percentile within NM. Charities of a similar size with the same main cause include The Florida Turkish-American Association Inc ($118k), The Center for Women and Democracy ($118k) and Seventy Times Seven ($118k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $66k against liabilities of $56k, net assets of $9,420.