Is Institute Of Flight Legit?

The Institute Of Flight appears to be in a state of significant financial decline, as evidenced by its latest reported revenue and assets of $0. This is a stark contrast to its financial position in earlier years, where it reported revenues exceeding $1.5 million and assets over $17 million in 2011 and 2012. The organization consistently operated at a deficit from 2011 to 2016, with expenses generally exceeding revenue, indicating a long-term trend of spending more than it earned. For example, in 2016, expenses were $2,378,810 against revenues of $2,106,070. The lack of current financial data (latest revenue and assets are $0) makes it impossible to assess current spending efficiency or program focus. The historical data shows a consistent pattern of negative net income, which is unsustainable. While officer compensation was reported as 0% in all available filings, this doesn't necessarily indicate strong financial health, especially given the overall financial trajectory. The dramatic drop to $0 in current revenue and assets suggests a potential cessation of operations or a significant restructuring that is not detailed in the provided data.