Historic Flight Foundation
Historic Flight Foundation shows revenue growth but fluctuating assets and past high liabilities.
EIN: 203837894 · Spokane, WA · NTEE: A80 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $2.4M |
| Total Expenses | $725K |
| Program Spending | 80% |
| CEO/Top Officer Pay | $2,374,077. |
| Net Assets | $4.8M |
| Transparency Score | 75/100 |
Is Historic Flight Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Historic Flight Foundation directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Historic Flight Foundation
Historic Flight Foundation (EIN: 203837894) is a nonprofit organization based in Spokane, WA, classified under NTEE code A80. The organization reported total revenue of $2.4M and total assets of $8.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Historic Flight Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Historic Flight Foundation is a mid-size nonprofit that has been operating for 5 years, with 3 years of IRS 990 filings on record (2010–2012). Revenue has grown at a compound annual rate of 105.7%.
Key Financial Metrics (2012)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.1M |
| Total Expenses | $725K |
| Surplus / Deficit | +$396K |
| Total Assets | $8.3M |
| Total Liabilities | $3.6M |
| Net Assets | $4.8M |
| Operating Margin | 35.3% |
| Debt-to-Asset Ratio | 42.9% |
| Months of Reserves | 138.2 months |
Financial Health Grade: A
In 2012, Historic Flight Foundation reported a surplus of $396K with revenue exceeding expenses, holds 138.2 months of operating reserves (strong position), has a debt-to-asset ratio of 42.9% (moderate leverage).
Financial Trends
Over 3 years of filings (2010–2012), Historic Flight Foundation's revenue has grown at a compound annual growth rate (CAGR) of 105.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2011 | -111.8% | -45.4% | -47.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2021 |
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 Historic Flight Foundation with a Mission Score of 75 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: 10%
- programs: 80%
- fundraising: 10%
According to IRS 990 filings, Historic Flight Foundation allocates its expenses as follows: admin: 10%, programs: 80%, fundraising: 10%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2012)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $396K, with revenue exceeding expenses.
- Debt-to-asset ratio: 42.9%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers received compensation from the organization, which is highly favorable for a nonprofit of its size with recent revenues of $2,374,077.
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 Historic Flight Foundation's IRS 990 filings:
- Significant fluctuation in assets, decreasing from $14,801,334 in 2010 to $8,847,970 currently, without clear explanation in summary data.
- High liabilities in earlier years (e.g., $9,792,968 in 2010) relative to assets, indicating potential financial strain or significant debt.
Strengths
The following positive indicators were identified for Historic Flight Foundation:
- Consistent reporting of 0% officer compensation, indicating efficient use of funds at the executive level.
- Significant revenue growth from $1,120,760 in 2012 to $2,374,077 recently, demonstrating increased financial support.
- Positive net revenue in the most recent period ($2,374,077 revenue vs. $724,642 expenses in 2012, though not directly comparable to latest revenue figure).
Frequently Asked Questions about Historic Flight Foundation
Is Historic Flight Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Historic Flight Foundation (EIN: 203837894) some concerns. Mission Score: 75/100. 2 red flags identified, 3 strengths noted.
How does Historic Flight Foundation spend its money?
Historic Flight Foundation directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Historic Flight Foundation tax-deductible?
Historic Flight Foundation is registered as a tax-exempt nonprofit (EIN: 203837894). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Historic Flight Foundation CEO make?
Historic Flight Foundation's highest-compensated officer earns $2,374,077. annually. The organization reported $2.4M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Historic Flight Foundation's spending goes to programs?
Historic Flight Foundation directs 80% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Historic Flight Foundation compare to similar nonprofits?
With a transparency score of 75/100 (Good), Historic Flight Foundation is above average for NTEE category A80 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Historic Flight Foundation located?
Historic Flight Foundation is headquartered in Spokane, Washington and files with the IRS under EIN 203837894. It is classified under NTEE code A80.
How many years of IRS 990 filings does Historic Flight Foundation have?
Historic Flight Foundation has 3 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data. The most recent filing shows $2.4M in total revenue.
What caused the significant decrease in assets from $14,801,334 in 2010 to $7,795,254 in 2011?
The provided data does not specify the reason for this substantial asset reduction. Further investigation into the detailed financial statements for those periods would be necessary.
How does the Historic Flight Foundation manage its liabilities, which were as high as $9,792,968 in 2010?
While liabilities were high in 2010, they decreased to $3,579,646 by 2012. The specific management strategies are not detailed in the summary data, but the reduction suggests active management.
What is the breakdown of program, administrative, and fundraising expenses for the most recent period?
The provided summary data only includes total expenses, not a detailed breakdown. A full IRS 990 form would be needed for this information.
Filing History
IRS 990 filing history for Historic Flight Foundation showing financial trends over 3 years of public records:
Over 3 years of IRS 990 filings (2010–2012), Historic Flight Foundation's revenue has grown by 323.1%, moving from $265K to $1.1M. Total assets decreased by 43.6% over the same period, from $14.8M to $8.3M. Total functional expenses fell by 34.8%, from $1.1M to $725K. In its most recent filing year (2012), Historic Flight Foundation reported a surplus of $396K, with revenue exceeding expenses. The organization holds $3.6M in liabilities against $8.3M in assets (debt-to-asset ratio: 42.9%), resulting in net assets of $4.8M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2012 | $1.1M | $725K | $8.3M | $3.6M | — | View 990 |
| 2011 | $-31,343 | $607K | $7.8M | $3.4M | — | View 990 |
| 2010 | $265K | $1.1M | $14.8M | $9.8M | — | View 990 |
Year-by-Year Financial Summary
- 2012: Revenue of $1.1M, expenses of $725K, and assets of $8.3M.
- 2011: Revenue of $-31,343, expenses of $607K, and assets of $7.8M (revenue -111.8% year-over-year).
- 2010: Revenue of $265K, expenses of $1.1M, and assets of $14.8M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Historic Flight Foundation:
Data Sources and Methodology
This transparency report for Historic Flight Foundation 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.