Flying Twenty Inc

Analysis

Flying Twenty Inc is a registered charity in United States, based in San Jose, CA. It received its IRS tax-exemption ruling in February 1984, 42 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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, Flying Twenty Inc reported income of $179k and spending of $165k, spending 92% of its income. Across the 4 years on record, from December 2020 to December 2023, income fell from $192k to $179k (-7.0%), an average of -2.4% a year. The sharpest change came in the year to December 2022, when income dropped by 21%. Over the whole period it spent 91% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Flying Twenty Inc sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 53rd percentile within CA. Charities of a similar size with the same main cause include Hampton Roads Vipers Fastpitch Softball Club Inc ($179k), Trumbull Pisces Swimming Association Inc ($179k) and Metroplex BMX Group ($179k).

On its Form 990-EZ for the period ending December 2023, revenue came from program service revenue 99% of the total. At year end it held assets of $427k against liabilities of $0, net assets of $427k.