Flight Safety Foundation Inc

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Flight Safety Foundation Inc Form 990, Revenue, CEO Pay, and IRS Filing Signals

Flight Safety Foundation Inc is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Flight Safety Foundation Inc in one place.

Is Flight Safety Foundation Inc Legit?

Some Concerns

Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →

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Across stored filings, Flight Safety Foundation Inc shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.

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Request a concise report for Flight Safety Foundation Inc with revenue, expenses, executive compensation, red flags, peer context, and IRS source links. You can also request CSV exports or watchlist updates for future filings.

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Flight Safety Foundation Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.

About Flight Safety Foundation Inc

Flight Safety Foundation Inc (EIN: 135656187) is a nonprofit organization based in Alexandria, VA, classified under NTEE code M40Z. The organization reported total revenue of $5.3M and total assets of $4.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Flight Safety Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

Organization Overview

Flight Safety Foundation Inc is a mid-size nonprofit that has been operating for 77 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 3.1%.

Key Financial Metrics (2023)

From the most recent IRS 990 filing on record:

Financial Health Grade: B

In 2023, Flight Safety Foundation Inc reported a deficit of $6K with expenses exceeding revenue, holds 11.3 months of operating reserves (strong position), has a debt-to-asset ratio of 36.6% (moderate leverage).

Financial Trends

Over 13 years of filings (2011–2023), Flight Safety Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 3.1%.

IRS Tax-Exempt Classification

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 Safety Foundation Inc with a Mission Score of 90 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: 10%
• programs: 85%
• fundraising: 5%

According to IRS 990 filings, Flight Safety Foundation Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% 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 $6K, with expenses exceeding revenue.
• Debt-to-asset ratio: 36.6%.

Executive Compensation Analysis

Executive compensation is reported as 0% across all available filings, which is highly unusual for an organization of this size with latest revenue of $5,347,983. This suggests either a fully volunteer-led executive team or that compensation is categorized differently, warranting further inquiry for complete understanding.

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 Safety Foundation Inc's IRS 990 filings:

• Unusually low or zero reported officer compensation for an organization of this size, which may obscure actual compensation structures.

Strengths

The following positive indicators were identified for Flight Safety Foundation Inc:

• Consistent IRS 990 filing history (13 filings) demonstrates strong regulatory compliance and transparency.
• Positive trend in net assets, growing from $1,822,410 in 202212 to $2,369,800 in 202312, indicating financial health.
• Revenue growth from $2,476,876 in 202012 to $3,970,958 in 202312 suggests increasing support and operational capacity.
• Assets consistently exceed liabilities, indicating a strong balance sheet and financial stability.
• Expenses are closely aligned with revenue in recent periods, such as $3,976,731 expenses vs. $3,970,958 revenue in 202312, suggesting prudent financial management.

Frequently Asked Questions about Flight Safety Foundation Inc

Filing History

IRS 990 filing history for Flight Safety Foundation Inc showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Flight Safety Foundation Inc's revenue has grown by 44.6%, moving from $2.7M to $4.0M. Total assets decreased by 0.6% over the same period, from $3.8M to $3.7M. Total functional expenses fell by 11.5%, from $4.5M to $4.0M. In its most recent filing year (2023), Flight Safety Foundation Inc reported a deficit of $6K, with expenses exceeding revenue. The organization holds $1.4M in liabilities against $3.7M in assets (debt-to-asset ratio: 36.6%), resulting in net assets of $2.4M.

Year-by-Year Financial Summary

• 2023: Revenue of $4.0M, expenses of $4.0M, and assets of $3.7M (revenue +6.5% year-over-year).
• 2022: Revenue of $3.7M, expenses of $3.3M, and assets of $3.0M (revenue +18.2% year-over-year).
• 2021: Revenue of $3.2M, expenses of $2.6M, and assets of $3.5M (revenue +27.4% year-over-year).
• 2020: Revenue of $2.5M, expenses of $2.3M, and assets of $2.5M (revenue -12.1% year-over-year).
• 2019: Revenue of $2.8M, expenses of $3.2M, and assets of $2.0M (revenue -18.1% year-over-year).
• 2018: Revenue of $3.4M, expenses of $3.5M, and assets of $2.4M (revenue -5.1% year-over-year).
• 2017: Revenue of $3.6M, expenses of $3.7M, and assets of $2.9M (revenue -21.7% year-over-year).
• 2016: Revenue of $4.6M, expenses of $4.5M, and assets of $2.6M (revenue -7.0% year-over-year).
• 2015: Revenue of $5.0M, expenses of $4.6M, and assets of $2.9M (revenue +47.9% year-over-year).
• 2014: Revenue of $3.4M, expenses of $3.0M, and assets of $2.1M (revenue +18.5% year-over-year).
• 2013: Revenue of $2.8M, expenses of $3.5M, and assets of $2.1M (revenue +3.6% year-over-year).
• 2012: Revenue of $2.7M, expenses of $4.2M, and assets of $2.5M (revenue -0.2% year-over-year).
• 2011: Revenue of $2.7M, expenses of $4.5M, and assets of $3.8M.

View Individual Filing Years

Explore detailed financial data from each IRS 990 filing year for Flight Safety Foundation Inc:

Data Sources and Methodology

This transparency report for Flight Safety Foundation 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.