Honor Flight Maine Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2014 | 54,533 | 42,668 | 11,865 | 3.3 | — |
| 2015 | 74,729 | 60,666 | 14,063 | 5.1 | — |
| 2016 | 335,360 | 156,732 | 178,628 | 14.8 | 0% |
| 2017 | 257,206 | 179,230 | 77,976 | 18.1 | 0% |
| 2018 | 340,586 | 247,569 | 93,017 | 17.6 | 0% |
| 2019 | 368,996 | 342,991 | 26,005 | 13.6 | 0% |
| 2020 | 69,905 | 76,740 | −6,835 | 59.9 | 38% |
| 2021 | 79,573 | 79,897 | −324 | 57.5 | 49% |
| 2022 | 391,402 | 473,262 | −81,860 | 7.6 | 7% |
| 2023 | 424,445 | 309,255 | 115,190 | 16.1 | 1% |
In its most recent public year (2023), this organization brought in $115,190 more than it spent. Its reserves stood at about 16.1 months of spending, up from 3.3 in 2014. Staff pay was 1% of spending.
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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