United Flying Octogenarians

Analysis

United Flying Octogenarians is a registered charity in United States, based in Keller, TX. It received its IRS tax-exemption ruling in June 2014, 12 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, United Flying Octogenarians reported income of $62k and spending of $50k, leaving 20% of income unspent that year. Across the 2 years on record, from June 2022 to June 2023, income grew from $15k to $62k (+311%), an average of +311% a year. The sharpest change came in the year to June 2023, when income rose by 311%. Over the whole period it spent 114% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, United Flying Octogenarians sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 24th percentile, and in the 25th percentile within TX. Charities of a similar size with the same main cause include Camp B T Inc ($62k), High Cliff Harbor Commission Inc ($62k) and Carmichael Swim Team Inc ($62k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 15% of the total. At year end it held assets of $93k against liabilities of $0, net assets of $93k.