Fort Smith Flying Club Inc
Fort Smith Flying Club Inc. maintains stable operations with no reported officer compensation, experiencing fluctuating revenues and asset growth.
EIN: 200143554 · Fort Smith, AR · NTEE: N50 · Updated: 2026-03-28
Is Fort Smith Flying Club Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Fort Smith Flying Club Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Fort Smith Flying Club Inc
Fort Smith Flying Club Inc (EIN: 200143554) is a nonprofit organization based in Fort Smith, AR, classified under NTEE code N50. The organization reported total revenue of $270K and total assets of $91K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Fort Smith Flying Club Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Fort Smith Flying Club Inc is a small nonprofit that has been operating for 7 years, with 5 years of IRS 990 filings on record (2018–2022). Revenue has grown at a compound annual rate of 5.8%.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
| Total Revenue | $118K |
| Total Expenses | $70K |
| Surplus / Deficit | +$48K |
| Total Assets | $130K |
| Total Liabilities | $37K |
| Net Assets | $93K |
| Operating Margin | 40.9% |
| Debt-to-Asset Ratio | 28.7% |
| Months of Reserves | 22.3 months |
Financial Health Grade: A
In 2022, Fort Smith Flying Club Inc reported a surplus of $48K with revenue exceeding expenses, holds 22.3 months of operating reserves (strong position), has a debt-to-asset ratio of 28.7% (moderate leverage).
Financial Trends
Over 5 years of filings (2018–2022), Fort Smith Flying Club Inc's revenue has grown at a compound annual growth rate (CAGR) of 5.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | -3.8% | -57.4% | +52.1% |
| 2021 | -21.6% | +82.3% | -34.4% |
| 2020 | +63.2% | +53.9% | +69.3% |
| 2019 | +1.7% | -35.8% | +38.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2019 |
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 Fort Smith Flying Club Inc with a Mission Score of 85 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, Fort Smith Flying Club 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 (2022)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $48K, with revenue exceeding expenses.
- Debt-to-asset ratio: 28.7%.
Executive Compensation Analysis
Executive compensation is reported at 0% across all available filings, indicating that no salaries or other compensation are paid to officers, which is highly favorable for a nonprofit of its size with revenues up to $269,861.
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 Fort Smith Flying Club Inc's IRS 990 filings:
- Lack of detailed expense breakdown in provided data makes full efficiency assessment difficult.
Strengths
The following positive indicators were identified for Fort Smith Flying Club Inc:
- Consistent 0% officer compensation, indicating efficient use of funds for leadership.
- Positive asset growth from $55,934 in 2018 to $91,430 currently, demonstrating financial stability.
- Generally positive revenue-to-expense ratio over multiple years, indicating sustainable operations despite occasional deficits.
Frequently Asked Questions about Fort Smith Flying Club Inc
Is Fort Smith Flying Club Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Fort Smith Flying Club Inc (EIN: 200143554) some concerns. Mission Score: 85/100. 1 red flag identified, 3 strengths noted.
How does Fort Smith Flying Club Inc spend its money?
Fort Smith Flying Club Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Fort Smith Flying Club Inc tax-deductible?
Fort Smith Flying Club Inc is registered as a tax-exempt nonprofit (EIN: 200143554). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What are the primary sources of revenue for Fort Smith Flying Club Inc.?
The provided data indicates 'Revenue' without specific breakdown. Given it's a flying club, common sources would likely include membership dues, flight instruction fees, aircraft rental fees, and potentially donations or grants.
How does the organization manage periods where expenses exceed revenue, such as in 2021?
In 2021, expenses ($164,491) exceeded revenue ($123,051). The organization likely covers such deficits using accumulated assets from prior profitable years, as seen by the asset base of $85,717 in 2021.
What specific programs or activities does the Fort Smith Flying Club Inc. offer?
As a flying club, typical programs would include flight training, aircraft rental for members, aviation education, and social events for pilots and aviation enthusiasts. The NTEE code N50 (Recreational, Sports, Leisure, & Athletics) further supports this.
Filing History
IRS 990 filing history for Fort Smith Flying Club Inc showing financial trends over 5 years of public records:
Over 5 years of IRS 990 filings (2018–2022), Fort Smith Flying Club Inc's revenue has grown by 25.3%, moving from $95K to $118K. Total assets increased by 133.1% over the same period, from $56K to $130K. Total functional expenses fell by 23.3%, from $91K to $70K. In its most recent filing year (2022), Fort Smith Flying Club Inc reported a surplus of $48K, with revenue exceeding expenses. The organization holds $37K in liabilities against $130K in assets (debt-to-asset ratio: 28.7%), resulting in net assets of $93K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2022 | $118K | $70K | $130K | $37K | — | View 990 |
| 2021 | $123K | $164K | $86K | $39K | — | View 990 |
| 2020 | $157K | $90K | $131K | $41K | — | View 990 |
| 2019 | $96K | $59K | $77K | $12K | — | View 990 |
| 2018 | $95K | $91K | $56K | $21K | — | View 990 |
Year-by-Year Financial Summary
- 2022: Revenue of $118K, expenses of $70K, and assets of $130K (revenue -3.8% year-over-year).
- 2021: Revenue of $123K, expenses of $164K, and assets of $86K (revenue -21.6% year-over-year).
- 2020: Revenue of $157K, expenses of $90K, and assets of $131K (revenue +63.2% year-over-year).
- 2019: Revenue of $96K, expenses of $59K, and assets of $77K (revenue +1.7% year-over-year).
- 2018: Revenue of $95K, expenses of $91K, and assets of $56K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Fort Smith Flying Club Inc:
Data Sources and Methodology
This transparency report for Fort Smith Flying Club 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.