Lake County Honor Flight

Analysis

Lake County Honor Flight is a registered charity in United States, based in Park City, IL. It received its IRS tax-exemption ruling in June 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 2022, Lake County Honor Flight reported income of $193k and spending of $254k, spending 131% of what it took in. Across the 2 years on record, from December 2019 to December 2022, income fell from $228k to $193k (-15%), an average of -15% a year. Over the whole period it spent 105% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Lake County Honor Flight sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 53rd percentile within IL. Charities of a similar size with the same main cause include Scottsdale Unified School District Foundation ($193k), Youth for Christ USA Inc ($193k) and Heart and Hand for the Handicapped ($193k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 102% and program service revenue 1.6% of the total. At year end it held assets of $297k against liabilities of $12k, net assets of $285k.