Halo Flight Inc

Analysis

Halo Flight Inc is a registered charity in United States, based in Corp Christi, TX. It received its IRS tax-exemption ruling in September 1988, 38 years ago. 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, Halo Flight Inc reported income of $14.8m and spending of $12.4m, spending 84% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $11.7m to $14.8m (+26%), an average of +6.0% a year. The sharpest change came in the year to December 2022, when income rose by 26%. Over the whole period it spent 90% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Halo Flight Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 97th percentile within TX. Charities of a similar size with the same main cause include Rannie Webster Foundation ($14.8m), Keystone Blind Association ($14.8m) and Greene County Public Library ($14.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 6.7% and program service revenue 86% of the total. Other salaries and wages came to $5.0m. At year end it held assets of $37.8m against liabilities of $7.3m, net assets of $30.6m. It reported 68 employees.