Honor Flight Inc

Honor Flight Inc. consistently dedicates over 90% of expenses to programs with no reported officer compensation.

EIN: 202751460 · Arlington, VA · NTEE: P52 · Updated: 2026-03-28

$4.8MRevenue

$6.0MAssets

92/100Mission Score (Excellent)

P52

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.

AI Transparency Report

Honor Flight Inc. demonstrates a strong commitment to its program services, consistently allocating a significant majority of its expenses directly to its mission. For instance, in 2023, with total expenses of $3,611,865, 90% was spent on programs, indicating efficient use of donor funds. The organization's revenue has fluctuated over the past few years, peaking at $4,942,626 in 2022 and settling at $3,617,158 in 2023, yet it has maintained a healthy asset base, growing from $2,060,011 in 2019 to $4,715,289 in 2023. This growth in assets, coupled with relatively low liabilities, suggests financial stability.

The organization's transparency is commendable, particularly given its consistent reporting of 0% officer compensation across all available filings. This indicates that the leadership is either volunteer-based or compensated through other means not classified as officer compensation, which is a positive sign for donors. The consistent filing of IRS Form 990s over 14 periods further reinforces its commitment to public accountability. Overall, Honor Flight Inc. appears to be a financially sound and transparent organization, effectively channeling resources to its stated mission.

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.

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

Is Honor Flight Inc. a good charity?

Based on its financial data, Honor Flight Inc. appears to be a very good charity. It consistently allocates a high percentage of its expenses (e.g., 90% in 2023) directly to its programs and reports 0% officer compensation, indicating efficient use of funds and strong dedication to its mission.

How has Honor Flight Inc.'s revenue trended recently?

Honor Flight Inc.'s revenue has shown some fluctuation, with a peak of $4,942,626 in 2022, followed by $3,617,158 in 2023. This indicates a generally strong fundraising capacity, though with year-to-year variations.

What is Honor Flight Inc.'s financial stability?

Honor Flight Inc. demonstrates strong financial stability, with assets growing from $2,060,011 in 2019 to $4,715,289 in 2023, and liabilities remaining relatively low compared to assets (e.g., $51,438 in 2023).

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	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$3.6M	$3.6M	$4.7M	$51K	—	—
2022	$4.9M	$3.2M	$4.8M	$275K	—	View 990
2021	$2.0M	$1.7M	$3.0M	$202K	—	View 990
2020	$1.4M	$1.1M	$2.4M	$47K	—	View 990
2019	$2.6M	$2.6M	$2.1M	$60K	—	View 990
2018	$2.1M	$2.6M	$2.0M	$14K	—	View 990
2017	$2.2M	$2.1M	$2.5M	$36K	—	—
2016	$2.0M	$2.1M	$2.4M	$36K	—	View 990
2015	$2.1M	$2.1M	$2.4M	$33K	—	View 990
2014	$2.5M	$2.1M	$2.4M	$8K	—	View 990
2013	$2.6M	$2.0M	$2.0M	$7K	—	View 990
2012	$2.3M	$1.4M	$1.5M	$54K	—	View 990
2011	$334K	$59K	$799K	$10K	—	View 990
2011	$1.8M	$1.5M	$528K	$13K	—	View 990

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.

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.