Flight 33 Inc
Flight 33 Inc experiences fluctuating financial health with recent deficit spending.
EIN: 200322246 · Tempe, AZ · NTEE: B90 · Updated: 2026-03-28
Is Flight 33 Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Flight 33 Inc directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Flight 33 Inc
Flight 33 Inc (EIN: 200322246) is a nonprofit organization based in Tempe, AZ, classified under NTEE code B90. The organization reported total revenue of $89K and total assets of $7K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Flight 33 Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Flight 33 Inc is a micro nonprofit that has been operating for 22 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 0.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $92K |
| Total Expenses | $125K |
| Surplus / Deficit | $-32,760 |
| Total Assets | $10K |
| Net Assets | $10K |
| Operating Margin | -35.6% |
| Months of Reserves | 1.0 months |
Financial Health Grade: C
In 2023, Flight 33 Inc reported a deficit of $33K with expenses exceeding revenue, holds 1.0 months of operating reserves (limited).
Financial Trends
Over 13 years of filings (2011–2023), Flight 33 Inc's revenue has grown at a compound annual growth rate (CAGR) of 0.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -1.4% | +94.9% | -76.6% |
| 2022 | +74.8% | +15.1% | +216.5% |
| 2021 | -21.4% | +6.7% | -14.4% |
| 2020 | +80.1% | +34.2% | +42.6% |
| 2019 | -41.1% | -12.6% | -65.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2004 |
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 Flight 33 Inc with a Mission Score of 65 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 75%
- fundraising: 10%
According to IRS 990 filings, Flight 33 Inc allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% 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 $33K, with expenses exceeding revenue.
Executive Compensation Analysis
Executive compensation is consistently reported at 0% across all available filings, indicating that the organization's leadership is either unpaid or compensated through non-officer roles, which is a positive for minimizing overhead.
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 Flight 33 Inc's IRS 990 filings:
- Significant deficit spending in 2023 ($124,718 expenses vs. $91,958 revenue)
- Volatile asset base, dropping from $42,762 in 2022 to $10,002 in 2023
- Multiple years where expenses exceeded revenue (e.g., 2023, 2021, 2019, 2017, 2014), indicating potential financial instability
Strengths
The following positive indicators were identified for Flight 33 Inc:
- Consistent IRS 990 filing history over 13 periods, indicating transparency
- 0% officer compensation reported across all available filings, minimizing executive overhead
- Maintained operations for over a decade with consistent revenue generation
Frequently Asked Questions about Flight 33 Inc
Is Flight 33 Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Flight 33 Inc (EIN: 200322246) some concerns. Mission Score: 65/100. 3 red flags identified, 3 strengths noted.
How does Flight 33 Inc spend its money?
Flight 33 Inc directs 75% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Flight 33 Inc tax-deductible?
Flight 33 Inc is registered as a tax-exempt nonprofit (EIN: 200322246). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Flight 33 Inc a good charity?
Flight 33 Inc shows dedication through its consistent operations and 0% officer compensation. However, its financial stability is inconsistent, with expenses exceeding revenue in several years, including 2023 ($124,718 expenses vs. $91,958 revenue), which could impact its long-term capacity to deliver on its mission.
What caused the significant drop in assets from 2022 to 2023?
The significant drop in assets from $42,762 in 2022 to $10,002 in 2023 is primarily due to expenses ($124,718) substantially exceeding revenue ($91,958) in the 2023 fiscal period, indicating a draw-down on reserves to cover operational costs.
How does Flight 33 Inc fund its operations given the fluctuating revenue and expenses?
Flight 33 Inc appears to fund its operations through a combination of annual revenue generation and, in years where expenses exceed revenue (e.g., 2023, 2017, 2014), by drawing down on its existing assets. The organization maintains a relatively small asset base, making it reliant on consistent annual income.
Filing History
IRS 990 filing history for Flight 33 Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Flight 33 Inc's revenue has grown by 3.7%, moving from $89K to $92K. Total assets decreased by 43.3% over the same period, from $18K to $10K. Total functional expenses rose by 60.9%, from $78K to $125K. In its most recent filing year (2023), Flight 33 Inc reported a deficit of $33K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $92K | $125K | $10K | $0 | — | View 990 |
| 2022 | $93K | $64K | $43K | $0 | — | View 990 |
| 2021 | $53K | $56K | $14K | $0 | — | — |
| 2020 | $68K | $52K | $16K | $0 | — | View 990 |
| 2019 | $38K | $39K | $11K | $0 | — | View 990 |
| 2018 | $64K | $44K | $32K | $0 | — | View 990 |
| 2017 | $98K | $101K | $12K | $0 | — | View 990 |
| 2016 | $105K | $91K | $14K | $0 | — | View 990 |
| 2015 | $95K | $94K | $15K | $0 | — | View 990 |
| 2014 | $85K | $85K | $14K | $0 | — | View 990 |
| 2013 | $87K | $88K | $15K | $0 | — | View 990 |
| 2012 | $89K | $90K | $16K | $0 | — | View 990 |
| 2011 | $89K | $78K | $18K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $92K, expenses of $125K, and assets of $10K (revenue -1.4% year-over-year).
- 2022: Revenue of $93K, expenses of $64K, and assets of $43K (revenue +74.8% year-over-year).
- 2021: Revenue of $53K, expenses of $56K, and assets of $14K (revenue -21.4% year-over-year).
- 2020: Revenue of $68K, expenses of $52K, and assets of $16K (revenue +80.1% year-over-year).
- 2019: Revenue of $38K, expenses of $39K, and assets of $11K (revenue -41.1% year-over-year).
- 2018: Revenue of $64K, expenses of $44K, and assets of $32K (revenue -34.5% year-over-year).
- 2017: Revenue of $98K, expenses of $101K, and assets of $12K (revenue -7.1% year-over-year).
- 2016: Revenue of $105K, expenses of $91K, and assets of $14K (revenue +10.5% year-over-year).
- 2015: Revenue of $95K, expenses of $94K, and assets of $15K (revenue +12.1% year-over-year).
- 2014: Revenue of $85K, expenses of $85K, and assets of $14K (revenue -2.1% year-over-year).
- 2013: Revenue of $87K, expenses of $88K, and assets of $15K (revenue -2.2% year-over-year).
- 2012: Revenue of $89K, expenses of $90K, and assets of $16K (revenue -0.1% year-over-year).
- 2011: Revenue of $89K, expenses of $78K, and assets of $18K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Flight 33 Inc:
Data Sources and Methodology
This transparency report for Flight 33 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.