Honor Flight Chicago Corp
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2019 | 2,018,505 | 1,679,669 | 338,836 | 10.6 | 15% |
| 2020 | 1,164,220 | 603,981 | 560,239 | 40.1 | 33% |
| 2021 | 1,145,215 | 696,667 | 448,548 | 42.9 | 32% |
| 2022 | 1,111,880 | 1,303,951 | −192,071 | 21.0 | 18% |
| 2023 | 1,416,276 | 1,140,129 | 276,147 | 27.1 | 21% |
In its most recent public year (2023), this organization brought in $276,147 more than it spent. Its reserves stood at about 27.1 months of spending, up from 10.6 in 2019. Staff pay was 21% of spending. $109,356 of its net assets are donor-restricted.
Reserve months = net assets ÷ average monthly spending; net assets count everything the organization owns beyond its debts — buildings and donor-restricted funds included, not just cash. Staff pay = salaries, wages, and officer compensation; it excludes benefits and payroll taxes. The IRS releases this data years after the fact — this organization's newest public year is 2023. Years refer to the calendar year in which the organization's fiscal year ended. Short-form filers do not publicly report donor-restricted balances or staffing costs. Source filings
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