Puget Sound Honor Flight
EIN: 462369397 · Normandy Park, WA · NTEE: W30
| Metric | Value |
|---|---|
| Total Revenue | $323K |
| Total Expenses | $197K |
| Net Assets | $1.1M |
Is Puget Sound Honor Flight Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Puget Sound Honor Flight
Puget Sound Honor Flight (EIN: 462369397) is a nonprofit organization based in Normandy Park, WA, classified under NTEE code W30. The organization reported total revenue of $323K and total assets of $1.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Puget Sound Honor Flight's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Puget Sound Honor Flight is a small nonprofit that has been operating for 12 years, with 10 years of IRS 990 filings on record (2014–2023). Revenue has grown at a compound annual rate of 0.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $261K |
| Total Expenses | $197K |
| Surplus / Deficit | +$64K |
| Total Assets | $1.1M |
| Net Assets | $1.1M |
| Operating Margin | 24.6% |
| Months of Reserves | 64.8 months |
Financial Health Grade: A
In 2023, Puget Sound Honor Flight reported a surplus of $64K with revenue exceeding expenses, holds 64.8 months of operating reserves (strong position).
Financial Trends
Over 10 years of filings (2014–2023), Puget Sound Honor Flight's revenue has grown at a compound annual growth rate (CAGR) of 0.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +167.9% | +44.1% | +6.4% |
| 2022 | -57.8% | +212.9% | -3.8% |
| 2021 | -39.3% | +264.5% | +22.1% |
| 2020 | +32.5% | -93.3% | +76.8% |
| 2019 | +24.3% | +7.1% | +28.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2014 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Puget Sound Honor Flight 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 Puget Sound Honor Flight 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 $64K, with revenue exceeding expenses.
Frequently Asked Questions about Puget Sound Honor Flight
Is Puget Sound Honor Flight a legitimate charity?
Based on AI analysis of IRS 990 filings, Puget Sound Honor Flight (EIN: 462369397) insufficient data. 0 red flags identified, 0 strengths noted.
How does Puget Sound Honor Flight spend its money?
Detailed spending breakdown data is not yet available for Puget Sound Honor Flight. Check back for updated IRS 990 analysis.
Are donations to Puget Sound Honor Flight tax-deductible?
Puget Sound Honor Flight is registered as a tax-exempt nonprofit (EIN: 462369397). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Puget Sound Honor Flight located?
Puget Sound Honor Flight is headquartered in Normandy Park, Washington and files with the IRS under EIN 462369397. It is classified under NTEE code W30.
How many years of IRS 990 filings does Puget Sound Honor Flight have?
Puget Sound Honor Flight has 10 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 $323K in total revenue.
Filing History
IRS 990 filing history for Puget Sound Honor Flight showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2014–2023), Puget Sound Honor Flight's revenue has grown by 5.6%, moving from $247K to $261K. Total assets increased by 941.5% over the same period, from $102K to $1.1M. Total functional expenses rose by 25.1%, from $157K to $197K. In its most recent filing year (2023), Puget Sound Honor Flight reported a surplus of $64K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $261K | $197K | $1.1M | $0 | — | View 990 |
| 2022 | $98K | $137K | $999K | $0 | — | — |
| 2021 | $231K | $44K | $1.0M | $0 | — | View 990 |
| 2020 | $382K | $12K | $850K | $0 | — | — |
| 2019 | $288K | $180K | $481K | $0 | — | View 990 |
| 2018 | $232K | $168K | $373K | $0 | — | View 990 |
| 2017 | $305K | $180K | $310K | $0 | — | View 990 |
| 2016 | $228K | $174K | $185K | $0 | — | View 990 |
| 2015 | $192K | $164K | $130K | $0 | — | View 990 |
| 2014 | $247K | $157K | $102K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $261K, expenses of $197K, and assets of $1.1M (revenue +167.9% year-over-year).
- 2022: Revenue of $98K, expenses of $137K, and assets of $999K (revenue -57.8% year-over-year).
- 2021: Revenue of $231K, expenses of $44K, and assets of $1.0M (revenue -39.3% year-over-year).
- 2020: Revenue of $382K, expenses of $12K, and assets of $850K (revenue +32.5% year-over-year).
- 2019: Revenue of $288K, expenses of $180K, and assets of $481K (revenue +24.3% year-over-year).
- 2018: Revenue of $232K, expenses of $168K, and assets of $373K (revenue -24.0% year-over-year).
- 2017: Revenue of $305K, expenses of $180K, and assets of $310K (revenue +33.7% year-over-year).
- 2016: Revenue of $228K, expenses of $174K, and assets of $185K (revenue +18.7% year-over-year).
- 2015: Revenue of $192K, expenses of $164K, and assets of $130K (revenue -22.4% year-over-year).
- 2014: Revenue of $247K, expenses of $157K, and assets of $102K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Puget Sound Honor Flight:
Data Sources and Methodology
This transparency report for Puget Sound Honor Flight 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.