The Fly Foundation
The Fly Foundation operates on tight margins with minimal assets and no reported officer compensation.
EIN: 208661708 · Tigard, OR · NTEE: O50 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $86K |
| Total Expenses | $113K |
| Program Spending | 80% |
| Net Assets | $3K |
| Transparency Score | 70/100 |
Is The Fly Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
The Fly Foundation directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About The Fly Foundation
The Fly Foundation (EIN: 208661708) is a nonprofit organization based in Tigard, OR, classified under NTEE code O50. The organization reported total revenue of $86K and total assets of $481 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of The Fly Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
The Fly Foundation is a micro nonprofit that has been operating for 4 years, with 3 years of IRS 990 filings on record (2022–2024).
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $110K |
| Total Expenses | $113K |
| Surplus / Deficit | $-3,145 |
| Total Assets | $3K |
| Net Assets | $3K |
| Operating Margin | -2.9% |
| Months of Reserves | 0.3 months |
Financial Health Grade: C
In 2024, The Fly Foundation reported a deficit of $3K with expenses exceeding revenue, holds 0.3 months of operating reserves (limited).
Financial Trends
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | -7.0% | -1.2% | -55.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2022 |
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 The Fly Foundation with a Mission Score of 70 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: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, The Fly Foundation allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $3K, with expenses exceeding revenue.
Executive Compensation Analysis
The Fly Foundation reports 0% officer compensation across all available filings (202407, 202307, 202207), suggesting a volunteer-led organization or that compensation is not reported under this category, which is common for very small nonprofits.
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 The Fly Foundation's IRS 990 filings:
- Very low asset base relative to revenue, limiting financial reserves ($2,532 assets vs. $110,000 revenue in 202407)
- Consistent operational deficits in some periods (e.g., $3,145 deficit in 202407)
Strengths
The following positive indicators were identified for The Fly Foundation:
- No reported officer compensation, indicating potential volunteer leadership and low administrative costs
- No reported liabilities across all filing periods, suggesting good debt management
- Consistent revenue generation over the past two operational years (e.g., $110,000 in 202407, $118,253 in 202307)
Frequently Asked Questions about The Fly Foundation
Is The Fly Foundation a legitimate charity?
The Fly Foundation (EIN: 208661708) is a registered tax-exempt nonprofit based in Oregon. Our AI analysis gives it a Mission Score of 70/100. It has 3 years of IRS 990 filings on record. Total revenue: $86K. 2 red flags identified. 3 strengths noted. Financial health grade: C.
How does The Fly Foundation spend its money?
The Fly Foundation directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to The Fly Foundation tax-deductible?
The Fly Foundation is registered as a tax-exempt nonprofit (EIN: 208661708). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of The Fly Foundation's spending goes to programs?
The Fly Foundation directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does The Fly Foundation compare to similar nonprofits?
With a transparency score of 70/100 (Good), The Fly Foundation is above average for NTEE category O50 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is The Fly Foundation located?
The Fly Foundation is headquartered in Tigard, Oregon and files with the IRS under EIN 208661708. It is classified under NTEE code O50.
How many years of IRS 990 filings does The Fly Foundation have?
The Fly 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 $86K in total revenue.
Is The Fly Foundation a good charity?
The Fly Foundation appears to be a financially stable, albeit small, organization operating with minimal overhead as evidenced by zero reported officer compensation and no liabilities. Its consistent revenue and expense figures suggest careful management. However, its very low asset base ($2,532 in 202407) means it has limited capacity for growth or to weather financial shocks. The NTEE code O50 suggests it may be a grantmaking or supporting organization, which would influence how its impact is measured.
How does The Fly Foundation manage its expenses?
The organization manages its expenses very closely to its revenue. For example, in 202407, expenses were $113,145 against revenues of $110,000, indicating a slight operational deficit. In 202307, expenses were $114,560 against revenues of $118,253, showing a small surplus. This suggests a lean operational model, likely supported by volunteer efforts given the zero reported officer compensation.
What is the financial trend of The Fly Foundation?
The Fly Foundation has shown consistent operational activity in recent years, with revenues around $110,000-$118,000 and expenses closely matching these figures. Its assets have fluctuated but remain low, from $1,984 in 202207 to $5,677 in 202307, and currently $2,532 in 202407. The organization started with zero revenue and expenses in 202207, indicating it became operationally active in 202307.
Filing History
IRS 990 filing history for The Fly Foundation showing financial trends over 3 years of public records:
Total assets increased by 27.6% over the same period, from $2K to $3K. In its most recent filing year (2024), The Fly Foundation reported a deficit of $3K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $110K | $113K | $3K | $0 | — | — |
| 2023 | $118K | $115K | $6K | $0 | — | View 990 |
| 2022 | $0 | $0 | $2K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $110K, expenses of $113K, and assets of $3K (revenue -7.0% year-over-year).
- 2023: Revenue of $118K, expenses of $115K, and assets of $6K.
- 2022: Revenue of $0, expenses of $0, and assets of $2K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for The Fly Foundation:
Data Sources and Methodology
This transparency report for The Fly 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.