Honor Flight Kentucky Inc

Analysis

Honor Flight Kentucky Inc is a registered charity in United States, based in Lexington, KY. It received its IRS tax-exemption ruling in December 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 Kentucky Inc reported income of $420k and spending of $301k, leaving 28% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $305k to $420k (+38%), an average of +8.3% a year. The sharpest change came in the year to December 2022, when income rose by 229%. Over the whole period it spent 81% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Honor Flight Kentucky 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 67th percentile, and in the 68th percentile within KY. Charities of a similar size with the same main cause include Oakland County Pioneer & Historical Society ($420k), The National Alumni Society of the University of Alabama in Birmingha ($420k) and U a Mechanical Trades School Inc ($420k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 58% and program service revenue 40% of the total. At year end it held assets of $458k against liabilities of $0, net assets of $458k.