Honor Flight Inc

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

Honor Flight 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 Honor Flight Inc in one place.

Is Honor Flight Inc Legit?

Appears Legitimate

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

IRS 990 Data Cockpit

Where the Money Comes From and Where It Goes

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

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Honor Flight Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.

About Honor Flight Inc

Honor Flight Inc (EIN: 202751460) is a nonprofit organization based in Arlington, VA, classified under NTEE code P52. The organization reported total revenue of $4.8M and total assets of $6.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Honor Flight Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

Organization Overview

Honor Flight Inc is a mid-size nonprofit that has been operating for 20 years, with 14 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 6.2%.

Key Financial Metrics (2023)

From the most recent IRS 990 filing on record:

Financial Health Grade: A

In 2023, Honor Flight Inc reported a surplus of $5K with revenue exceeding expenses, holds 15.7 months of operating reserves (strong position), has a debt-to-asset ratio of 1.1% (very low leverage).

Financial Trends

Over 14 years of filings (2011–2023), Honor Flight Inc's revenue has grown at a compound annual growth rate (CAGR) of 6.2%.

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 Honor Flight 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: 7%
• programs: 90%
• fundraising: 3%

According to IRS 990 filings, Honor Flight Inc allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. With 90% 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 $5K, with revenue exceeding expenses.
• Debt-to-asset ratio: 1.1%.

Executive Compensation Analysis

Honor Flight Inc. reports 0% officer compensation across all available filings, suggesting a volunteer-led executive team or compensation structured in a way that is not categorized as officer pay, which is highly favorable for a nonprofit of its size with annual revenues often exceeding $2 million.

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.

Strengths

The following positive indicators were identified for Honor Flight Inc:

• High program spending ratio (e.g., 90% in 2023)
• 0% reported officer compensation across all filings
• Consistent growth in assets over recent years (from $2.06M in 2019 to $4.71M in 2023)
• Healthy asset-to-liability ratio, indicating strong financial health
• Consistent and timely IRS 990 filing history (14 filings)

Frequently Asked Questions about Honor Flight Inc

Filing History

IRS 990 filing history for Honor Flight Inc showing financial trends over 14 years of public records:

Over 14 years of IRS 990 filings (2011–2023), Honor Flight Inc's revenue has grown by 106.4%, moving from $1.8M to $3.6M. Total assets increased by 793.7% over the same period, from $528K to $4.7M. Total functional expenses rose by 147.5%, from $1.5M to $3.6M. In its most recent filing year (2023), Honor Flight Inc reported a surplus of $5K, with revenue exceeding expenses. The organization holds $51K in liabilities against $4.7M in assets (debt-to-asset ratio: 1.1%), resulting in net assets of $4.7M.

Year-by-Year Financial Summary

• 2023: Revenue of $3.6M, expenses of $3.6M, and assets of $4.7M (revenue -26.8% year-over-year).
• 2022: Revenue of $4.9M, expenses of $3.2M, and assets of $4.8M (revenue +142.6% year-over-year).
• 2021: Revenue of $2.0M, expenses of $1.7M, and assets of $3.0M (revenue +40.8% year-over-year).
• 2020: Revenue of $1.4M, expenses of $1.1M, and assets of $2.4M (revenue -44.0% year-over-year).
• 2019: Revenue of $2.6M, expenses of $2.6M, and assets of $2.1M (revenue +23.7% year-over-year).
• 2018: Revenue of $2.1M, expenses of $2.6M, and assets of $2.0M (revenue -6.2% year-over-year).
• 2017: Revenue of $2.2M, expenses of $2.1M, and assets of $2.5M (revenue +11.1% year-over-year).
• 2016: Revenue of $2.0M, expenses of $2.1M, and assets of $2.4M (revenue -3.1% year-over-year).
• 2015: Revenue of $2.1M, expenses of $2.1M, and assets of $2.4M (revenue -17.5% year-over-year).
• 2014: Revenue of $2.5M, expenses of $2.1M, and assets of $2.4M (revenue -2.7% year-over-year).
• 2013: Revenue of $2.6M, expenses of $2.0M, and assets of $2.0M (revenue +11.2% year-over-year).
• 2012: Revenue of $2.3M, expenses of $1.4M, and assets of $1.5M (revenue +594.6% year-over-year).
• 2011: Revenue of $334K, expenses of $59K, and assets of $799K (revenue -81.0% year-over-year).
• 2011: Revenue of $1.8M, expenses of $1.5M, and assets of $528K.

View Individual Filing Years

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

Data Sources and Methodology

This transparency report for Honor Flight 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.