Honor Flight Connecticut

Analysis

Honor Flight Connecticut is a registered charity in United States, based in Beacon Falls, CT. It received its IRS tax-exemption ruling in June 2019, 7 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. 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 May 2024, Honor Flight Connecticut reported income of $138k and spending of $60k, leaving 56% of income unspent that year. Across the 2 years on record, from May 2023 to May 2024, income grew from $91k to $138k (+52%), an average of +52% a year. The sharpest change came in the year to May 2024, when income rose by 52%. Over the whole period it spent 55% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Honor Flight Connecticut sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 43rd percentile within CT. Charities of a similar size with the same main cause include Literacy of Love Inc ($138k), Honeoye Public Library ($138k) and Hazeltine Public Library ($138k).

On its Form 990-EZ for the period ending May 2024, revenue came from contributions and grants 97% of the total. At year end it held assets of $134k against liabilities of $0, net assets of $134k.