Triad Honor Flight

Analysis

Triad Honor Flight is a registered charity in United States, based in Greensboro, NC. It received its IRS tax-exemption ruling in July 2020, 6 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Triad Honor Flight reported income of $296k and spending of $264k, spending 89% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $318k to $296k (-7.0%), an average of -7.0% a year. Over the whole period it spent 78% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Triad Honor Flight sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 60th percentile within NC. Charities of a similar size with the same main cause include Goleta Valley Historical Society ($296k), Gregg County Historical Foundation ($296k) and Cazcares Inc ($296k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% of the total. At year end it held assets of $260k against liabilities of $402, net assets of $259k.