Flying Kites Inc
Flying Kites Inc. shows consistent financial growth and strong asset accumulation with no reported officer compensation.
EIN: 205946832 · Boston, MA · NTEE: Q33 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $2.8M |
| Total Expenses | $2.3M |
| Program Spending | 85% |
| CEO/Top Officer Pay | $2.8 |
| Net Assets | $5.2M |
| Transparency Score | 92/100 |
Is Flying Kites Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Flying Kites Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Flying Kites Inc
Flying Kites Inc (EIN: 205946832) is a nonprofit organization based in Boston, MA, classified under NTEE code Q33. The organization reported total revenue of $2.8M and total assets of $5.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Flying Kites Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Flying Kites Inc is a mid-size nonprofit that has been operating for 19 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 12.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.8M |
| Total Expenses | $2.3M |
| Surplus / Deficit | +$501K |
| Total Assets | $5.2M |
| Total Liabilities | $79K |
| Net Assets | $5.2M |
| Operating Margin | 17.9% |
| Debt-to-Asset Ratio | 1.5% |
| Months of Reserves | 27.3 months |
Financial Health Grade: A
In 2023, Flying Kites Inc reported a surplus of $501K with revenue exceeding expenses, holds 27.3 months of operating reserves (strong position), has a debt-to-asset ratio of 1.5% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Flying Kites Inc's revenue has grown at a compound annual growth rate (CAGR) of 12.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +47.6% | +48.6% | +10.8% |
| 2022 | -11.7% | +1.2% | +8.8% |
| 2021 | +5.3% | -5.6% | +17.5% |
| 2020 | +0.4% | -2.8% | +12.8% |
| 2019 | -3.8% | +7.7% | +9.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2007 |
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 Flying Kites 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Flying Kites 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 surplus of $501K, with revenue exceeding expenses.
- Debt-to-asset ratio: 1.5%.
Executive Compensation Analysis
Flying Kites Inc. has reported 0% officer compensation across all available filings, indicating that no salaries were paid to officers, which is highly unusual for an organization of its size with over $2.8 million in revenue and $5.2 million in assets. This suggests either a volunteer-led executive team or compensation being reported under other expense categories.
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 Flying Kites Inc's IRS 990 filings:
- 0% officer compensation reported for an organization of this size could indicate compensation is miscategorized or an unusual operational model.
Strengths
The following positive indicators were identified for Flying Kites Inc:
- Consistent revenue growth, from $524,326 in 2014 to $2,803,669 in 2023.
- Strong asset accumulation, growing from $502,859 in 2014 to $5,233,376 in 2023.
- Consistent generation of financial surpluses, with revenue exceeding expenses in most years.
- Low liabilities relative to assets, indicating strong financial stability.
- No reported officer compensation, suggesting a high dedication of funds to mission-related activities.
Frequently Asked Questions about Flying Kites Inc
Is Flying Kites Inc a legitimate charity?
Flying Kites Inc (EIN: 205946832) is a registered tax-exempt nonprofit based in Massachusetts. Our AI analysis gives it a Mission Score of 92/100. It has 13 years of IRS 990 filings on record. Total revenue: $2.8M. 1 red flag identified. 5 strengths noted. Financial health grade: A.
How does Flying Kites Inc spend its money?
Flying Kites Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Flying Kites Inc tax-deductible?
Flying Kites Inc is registered as a tax-exempt nonprofit (EIN: 205946832). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Flying Kites Inc CEO make?
Flying Kites Inc's highest-compensated officer earns $2.8 annually. The organization reported $2.8M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Flying Kites Inc's spending goes to programs?
Flying Kites Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Flying Kites Inc compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Flying Kites Inc is above average for NTEE category Q33 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Flying Kites Inc located?
Flying Kites Inc is headquartered in Boston, Massachusetts and files with the IRS under EIN 205946832. It is classified under NTEE code Q33.
How many years of IRS 990 filings does Flying Kites Inc have?
Flying Kites 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 $2.8M in total revenue.
Is Flying Kites Inc. a good charity?
Based on its financial health, consistent growth, and lack of reported officer compensation, Flying Kites Inc. appears to be a very good charity. It consistently generates surpluses and builds assets, indicating strong financial management and a focus on its mission.
How has Flying Kites Inc.'s financial health changed over time?
Flying Kites Inc. has shown remarkable financial growth, with revenue increasing from $524,326 in 2014 to $2,803,669 in 2023, and assets growing from $502,859 to $5,233,376 over the same period. This indicates a strong and improving financial trajectory.
What is the organization's approach to executive compensation?
The organization consistently reports 0% officer compensation in its IRS 990 filings, suggesting that its executive leadership may be entirely volunteer-based or compensated through non-officer roles, which is a significant indicator of resource dedication to its programs.
Filing History
IRS 990 filing history for Flying Kites Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Flying Kites Inc's revenue has grown by 321.5%, moving from $665K to $2.8M. Total assets increased by 1734.9% over the same period, from $285K to $5.2M. Total functional expenses rose by 263.6%, from $633K to $2.3M. In its most recent filing year (2023), Flying Kites Inc reported a surplus of $501K, with revenue exceeding expenses. The organization holds $79K in liabilities against $5.2M in assets (debt-to-asset ratio: 1.5%), resulting in net assets of $5.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.8M | $2.3M | $5.2M | $79K | — | — |
| 2022 | $1.9M | $1.5M | $4.7M | $66K | — | View 990 |
| 2021 | $2.1M | $1.5M | $4.3M | $34K | — | View 990 |
| 2020 | $2.0M | $1.6M | $3.7M | $6K | — | View 990 |
| 2019 | $2.0M | $1.7M | $3.3M | $4K | — | View 990 |
| 2018 | $2.1M | $1.5M | $3.0M | $88K | — | View 990 |
| 2017 | $2.1M | $1.2M | $2.4M | $21K | — | View 990 |
| 2016 | $1.8M | $868K | $1.5M | $7K | — | View 990 |
| 2015 | $633K | $676K | $627K | $7K | — | View 990 |
| 2014 | $524K | $403K | $503K | $94K | — | View 990 |
| 2013 | $378K | $357K | $437K | $150K | — | View 990 |
| 2012 | $505K | $525K | $265K | $0 | — | View 990 |
| 2011 | $665K | $633K | $285K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.8M, expenses of $2.3M, and assets of $5.2M (revenue +47.6% year-over-year).
- 2022: Revenue of $1.9M, expenses of $1.5M, and assets of $4.7M (revenue -11.7% year-over-year).
- 2021: Revenue of $2.1M, expenses of $1.5M, and assets of $4.3M (revenue +5.3% year-over-year).
- 2020: Revenue of $2.0M, expenses of $1.6M, and assets of $3.7M (revenue +0.4% year-over-year).
- 2019: Revenue of $2.0M, expenses of $1.7M, and assets of $3.3M (revenue -3.8% year-over-year).
- 2018: Revenue of $2.1M, expenses of $1.5M, and assets of $3.0M (revenue +1.9% year-over-year).
- 2017: Revenue of $2.1M, expenses of $1.2M, and assets of $2.4M (revenue +17.7% year-over-year).
- 2016: Revenue of $1.8M, expenses of $868K, and assets of $1.5M (revenue +178.2% year-over-year).
- 2015: Revenue of $633K, expenses of $676K, and assets of $627K (revenue +20.8% year-over-year).
- 2014: Revenue of $524K, expenses of $403K, and assets of $503K (revenue +38.7% year-over-year).
- 2013: Revenue of $378K, expenses of $357K, and assets of $437K (revenue -25.1% year-over-year).
- 2012: Revenue of $505K, expenses of $525K, and assets of $265K (revenue -24.1% year-over-year).
- 2011: Revenue of $665K, expenses of $633K, and assets of $285K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Flying Kites Inc:
Data Sources and Methodology
This transparency report for Flying Kites 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.