Permian Basin Honor Flight Inc

Analysis

Permian Basin Honor Flight Inc is a registered charity in United States, based in Midland, TX. It received its IRS tax-exemption ruling in November 2015, 11 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Permian Basin Honor Flight Inc reported income of $316k and spending of $265k, spending 84% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $263k to $316k (+20%), an average of +20% a year. The sharpest change came in the year to December 2023, when income rose by 20%. Over the whole period it spent 98% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Permian Basin Honor Flight Inc sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 67th percentile within TX. Charities of a similar size with the same main cause include Ycii Inc ($316k), Friends of Israel Story ($317k) and East Coweta Band Boosters Inc ($316k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 106% of the total. At year end it held assets of $549k against liabilities of $0, net assets of $549k.