Flight Club 502

Analysis

Flight Club 502 is a registered charity in United States, based in Louisville, KY. It received its IRS tax-exemption ruling in December 2017, 9 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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 December 2023, Flight Club 502 reported income of $724k and spending of $786k, spending 109% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $148k to $724k (+390%), an average of +49% a year. The sharpest change came in the year to December 2022, when income rose by 134%. Over the whole period it spent 79% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Flight Club 502 sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 76th percentile within KY. Charities of a similar size with the same main cause include Opt-In Kiana ($724k), Daniel Center for Math and Science ($725k) and Debusk Enrichment Center of Texas ($724k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 18% and program service revenue 49% of the total. Other salaries and wages came to $87k. At year end it held assets of $936k against liabilities of $82k, net assets of $854k. It reported 4 employees.