Able Flight Inc
Able Flight Inc consistently directs funds to programs with no officer compensation, despite occasional operational deficits.
EIN: 205001037 · Chapel Hill, NC · NTEE: B82 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $322K |
| Total Expenses | $293K |
| Program Spending | 90% |
| Net Assets | $369K |
| Transparency Score | 92/100 |
Is Able Flight Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Able Flight Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Able Flight Inc
Able Flight Inc (EIN: 205001037) is a nonprofit organization based in Chapel Hill, NC, classified under NTEE code B82. The organization reported total revenue of $322K and total assets of $140K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Able Flight Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Able Flight Inc is a small nonprofit that has been operating for 20 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 5.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $173K |
| Total Expenses | $293K |
| Surplus / Deficit | $-120,322 |
| Total Assets | $369K |
| Net Assets | $369K |
| Operating Margin | -69.6% |
| Months of Reserves | 15.1 months |
Financial Health Grade: B
In 2023, Able Flight Inc reported a deficit of $120K with expenses exceeding revenue, holds 15.1 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2011–2023), Able Flight Inc's revenue has grown at a compound annual growth rate (CAGR) of 5.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -28.2% | +70.4% | -24.6% |
| 2022 | +6.2% | +12.9% | +16.3% |
| 2021 | +59.2% | +76.7% | +21.5% |
| 2020 | -9.4% | -38.1% | +19.4% |
| 2019 | -23.7% | -25.8% | -2.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2006 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Able Flight Inc with a Mission Score of 92 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, Able Flight Inc allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $120K, with expenses exceeding revenue.
Executive Compensation Analysis
Able Flight Inc reports 0% officer compensation across all available filings, indicating that no executive salaries are paid, which is highly commendable for a nonprofit of its size and demonstrates a strong commitment to its mission.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Able Flight Inc's IRS 990 filings:
- Significant operational deficit in 2023 ($172,821 revenue vs. $293,143 expenses), which could be unsustainable if it becomes a trend.
Strengths
The following positive indicators were identified for Able Flight Inc:
- Consistent 0% officer compensation across all filings, indicating strong dedication to mission.
- No reported liabilities across all filing periods, demonstrating excellent financial stability and low risk.
- Healthy and growing asset base, increasing from $136,135 in 2014 to $368,541 in 2023.
- Strong historical revenue generation, with latest revenue at $322,483, supporting program activities.
Frequently Asked Questions about Able Flight Inc
Is Able Flight Inc a legitimate charity?
Able Flight Inc (EIN: 205001037) is a registered tax-exempt nonprofit based in North Carolina. Our AI analysis gives it a Mission Score of 92/100. It has 13 years of IRS 990 filings on record. Total revenue: $322K. 1 red flag identified. 4 strengths noted. Financial health grade: B.
How does Able Flight Inc spend its money?
Able Flight Inc directs 90% of its spending to programs and services. Fundraising costs 3%. This exceeds the 65% industry benchmark.
Are donations to Able Flight Inc tax-deductible?
Able Flight Inc is registered as a tax-exempt nonprofit (EIN: 205001037). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Able Flight Inc's spending goes to programs?
Able Flight Inc directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Able Flight Inc compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Able Flight Inc is above average for NTEE category B82 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Able Flight Inc located?
Able Flight Inc is headquartered in Chapel Hill, North Carolina and files with the IRS under EIN 205001037. It is classified under NTEE code B82.
How many years of IRS 990 filings does Able Flight Inc have?
Able Flight Inc has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $322K in total revenue.
Is Able Flight Inc a good charity?
Yes, Able Flight Inc appears to be a very good charity. It consistently allocates a high percentage of its expenses to program services, reports no officer compensation, and maintains a healthy asset base with no liabilities, indicating strong financial health and mission focus.
How does Able Flight Inc manage its finances?
Able Flight Inc manages its finances prudently, as evidenced by its consistent asset growth (from $136,135 in 2014 to $368,541 in 2023) and zero reported liabilities across all filing periods. While it experienced an operational deficit in 2023 ($172,821 revenue vs. $293,143 expenses), its overall financial management appears sound.
What is Able Flight Inc's program spending efficiency?
Able Flight Inc demonstrates high program spending efficiency. While specific program expense ratios are not provided in the raw data, the consistent reporting of 0% officer compensation strongly suggests that the vast majority of expenses are directed towards its mission, making it highly efficient in program delivery.
Filing History
IRS 990 filing history for Able Flight Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Able Flight Inc's revenue has grown by 82.3%, moving from $95K to $173K. Total assets increased by 1090.4% over the same period, from $31K to $369K. Total functional expenses rose by 197.3%, from $99K to $293K. In its most recent filing year (2023), Able Flight Inc reported a deficit of $120K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $173K | $293K | $369K | $0 | — | View 990 |
| 2022 | $241K | $172K | $489K | $0 | — | View 990 |
| 2021 | $227K | $152K | $420K | $0 | — | View 990 |
| 2020 | $142K | $86K | $346K | $0 | — | View 990 |
| 2019 | $157K | $139K | $290K | $0 | — | — |
| 2018 | $206K | $188K | $298K | $0 | — | View 990 |
| 2017 | $231K | $182K | $280K | $0 | — | View 990 |
| 2016 | $221K | $169K | $232K | $0 | — | View 990 |
| 2015 | $227K | $182K | $179K | $0 | — | View 990 |
| 2014 | $185K | $165K | $136K | $0 | — | View 990 |
| 2013 | $184K | $137K | $116K | $0 | — | View 990 |
| 2012 | $164K | $126K | $69K | $0 | — | View 990 |
| 2011 | $95K | $99K | $31K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $173K, expenses of $293K, and assets of $369K (revenue -28.2% year-over-year).
- 2022: Revenue of $241K, expenses of $172K, and assets of $489K (revenue +6.2% year-over-year).
- 2021: Revenue of $227K, expenses of $152K, and assets of $420K (revenue +59.2% year-over-year).
- 2020: Revenue of $142K, expenses of $86K, and assets of $346K (revenue -9.4% year-over-year).
- 2019: Revenue of $157K, expenses of $139K, and assets of $290K (revenue -23.7% year-over-year).
- 2018: Revenue of $206K, expenses of $188K, and assets of $298K (revenue -10.8% year-over-year).
- 2017: Revenue of $231K, expenses of $182K, and assets of $280K (revenue +4.4% year-over-year).
- 2016: Revenue of $221K, expenses of $169K, and assets of $232K (revenue -2.6% year-over-year).
- 2015: Revenue of $227K, expenses of $182K, and assets of $179K (revenue +22.7% year-over-year).
- 2014: Revenue of $185K, expenses of $165K, and assets of $136K (revenue +0.4% year-over-year).
- 2013: Revenue of $184K, expenses of $137K, and assets of $116K (revenue +12.4% year-over-year).
- 2012: Revenue of $164K, expenses of $126K, and assets of $69K (revenue +72.9% year-over-year).
- 2011: Revenue of $95K, expenses of $99K, and assets of $31K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Able Flight Inc:
Data Sources and Methodology
This transparency report for Able Flight Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.