Tango Flight Inc

Analysis

Tango Flight Inc is a registered charity in United States, based in Georgetown, TX. It received its IRS tax-exemption ruling in March 2017, 9 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Tango Flight Inc reported income of $648k and spending of $572k, spending 88% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $385k to $648k (+68%), an average of +14% a year. The sharpest change came in the year to December 2022, when income rose by 342%. Over the whole period it spent 78% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Tango Flight Inc sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 78th percentile within TX. Charities of a similar size with the same main cause include Sheet Metal Workers International Scholarship Foundation Inc ($648k), Fbi National Academy Assoc Ny State & Eastern Canada ($648k) and Huntington-Surrey School Inc ($648k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 11% and program service revenue 18% of the total. Compensation of current officers, directors and key employees was $270k (47% of expenses). At year end it held assets of $2.3m against liabilities of $1.4m, net assets of $887k. It reported 2 employees.