Midwest Honor Flight - Ia & SD

Analysis

Midwest Honor Flight - Ia & SD is a registered charity in United States, based in Sioux Center, IA. It received its IRS tax-exemption ruling in September 2017, 9 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Midwest Honor Flight - Ia & SD reported income of $1.4m and spending of $867k, leaving 39% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $615k to $1.4m (+132%), an average of +23% a year. The sharpest change came in the year to December 2021, when income rose by 409%. Over the whole period it spent 69% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Midwest Honor Flight - Ia & SD sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 85th percentile within IA. Charities of a similar size with the same main cause include National Film Preservation Foundation ($1.4m), International Society for the Study of Xenobiotics ($1.4m) and McColl Center for Art & Innovation ($1.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $58k (6.6% of expenses). At year end it held assets of $1.3m against liabilities of $0, net assets of $1.3m. It reported 1 employees.