Honor Flight Bluegrass Chapter Inc
EIN: 262237257 · Louisville, KY · NTEE: W30
| Metric | Value |
|---|---|
| Total Revenue | $437K |
| Total Expenses | $211K |
| Net Assets | $369K |
Is Honor Flight Bluegrass Chapter Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Honor Flight Bluegrass Chapter Inc
Honor Flight Bluegrass Chapter Inc (EIN: 262237257) is a nonprofit organization based in Louisville, KY, classified under NTEE code W30. The organization reported total revenue of $437K and total assets of $532K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Honor Flight Bluegrass Chapter Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Honor Flight Bluegrass Chapter Inc is a small nonprofit that has been operating for 15 years, with 12 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 5.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $322K |
| Total Expenses | $211K |
| Surplus / Deficit | +$111K |
| Total Assets | $369K |
| Net Assets | $369K |
| Operating Margin | 34.4% |
| Months of Reserves | 20.9 months |
Financial Health Grade: A
In 2023, Honor Flight Bluegrass Chapter Inc reported a surplus of $111K with revenue exceeding expenses, holds 20.9 months of operating reserves (strong position).
Financial Trends
Over 12 years of filings (2011–2023), Honor Flight Bluegrass Chapter Inc's revenue has grown at a compound annual growth rate (CAGR) of 5.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +31.6% | -44.5% | +43.0% |
| 2022 | +75.2% | +174.7% | -34.5% |
| 2021 | -24.2% | +322.6% | +0.3% |
| 2020 | -49.9% | -91.8% | +74.9% |
| 2019 | +2.4% | +14.4% | -12.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2011 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Honor Flight Bluegrass Chapter Inc has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Honor Flight Bluegrass Chapter Inc with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $111K, with revenue exceeding expenses.
Frequently Asked Questions about Honor Flight Bluegrass Chapter Inc
Is Honor Flight Bluegrass Chapter Inc a legitimate charity?
Honor Flight Bluegrass Chapter Inc (EIN: 262237257) is a registered tax-exempt nonprofit based in Kentucky. It has 12 years of IRS 990 filings on record. Total revenue: $437K. No red flags identified. Financial health grade: A.
How does Honor Flight Bluegrass Chapter Inc spend its money?
Honor Flight Bluegrass Chapter Inc reported $437K in total revenue in IRS 990 filings. 12 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Honor Flight Bluegrass Chapter Inc tax-deductible?
Honor Flight Bluegrass Chapter Inc is registered as a tax-exempt nonprofit (EIN: 262237257). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Honor Flight Bluegrass Chapter Inc located?
Honor Flight Bluegrass Chapter Inc is headquartered in Louisville, Kentucky and files with the IRS under EIN 262237257. It is classified under NTEE code W30.
How many years of IRS 990 filings does Honor Flight Bluegrass Chapter Inc have?
Honor Flight Bluegrass Chapter Inc has 12 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 $437K in total revenue.
Filing History
IRS 990 filing history for Honor Flight Bluegrass Chapter Inc showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2023), Honor Flight Bluegrass Chapter Inc's revenue has grown by 79.6%, moving from $179K to $322K. Total assets increased by 1073% over the same period, from $31K to $369K. Total functional expenses rose by 35.4%, from $156K to $211K. In its most recent filing year (2023), Honor Flight Bluegrass Chapter Inc reported a surplus of $111K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $322K | $211K | $369K | $0 | — | — |
| 2022 | $245K | $381K | $258K | $0 | — | View 990 |
| 2021 | $140K | $139K | $394K | $0 | — | — |
| 2020 | $184K | $33K | $393K | $0 | — | View 990 |
| 2019 | $367K | $400K | $225K | $0 | — | View 990 |
| 2018 | $359K | $349K | $257K | $0 | — | View 990 |
| 2017 | $199K | $264K | $247K | $0 | — | View 990 |
| 2016 | $240K | $216K | $313K | $0 | — | View 990 |
| 2015 | $357K | $235K | $289K | $0 | — | View 990 |
| 2013 | $228K | $141K | $151K | $0 | — | View 990 |
| 2012 | $168K | $136K | $64K | $0 | — | View 990 |
| 2011 | $179K | $156K | $31K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $322K, expenses of $211K, and assets of $369K (revenue +31.6% year-over-year).
- 2022: Revenue of $245K, expenses of $381K, and assets of $258K (revenue +75.2% year-over-year).
- 2021: Revenue of $140K, expenses of $139K, and assets of $394K (revenue -24.2% year-over-year).
- 2020: Revenue of $184K, expenses of $33K, and assets of $393K (revenue -49.9% year-over-year).
- 2019: Revenue of $367K, expenses of $400K, and assets of $225K (revenue +2.4% year-over-year).
- 2018: Revenue of $359K, expenses of $349K, and assets of $257K (revenue +80.2% year-over-year).
- 2017: Revenue of $199K, expenses of $264K, and assets of $247K (revenue -17.0% year-over-year).
- 2016: Revenue of $240K, expenses of $216K, and assets of $313K (revenue -32.8% year-over-year).
- 2015: Revenue of $357K, expenses of $235K, and assets of $289K (revenue +56.4% year-over-year).
- 2013: Revenue of $228K, expenses of $141K, and assets of $151K (revenue +35.5% year-over-year).
- 2012: Revenue of $168K, expenses of $136K, and assets of $64K (revenue -6.1% year-over-year).
- 2011: Revenue of $179K, expenses of $156K, and assets of $31K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Honor Flight Bluegrass Chapter Inc:
Data Sources and Methodology
This transparency report for Honor Flight Bluegrass Chapter 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.