Maryland · Nonprofit
FLYING V LTD
FLYING V LTD (Maryland) receives grants from 6 organizations whose IRS filings report $480,026 to it, the largest being ARTS AND HUMANITIES COUNCIL OF MONTGOMER ($365,218). 4 of them have funded it in more than one year, and 93% of the money arrives through donor-advised or pass-through sponsors rather than from an institution directly.
- Revenue FY2024
- $349k
- Funders on record
- 6
- Grants received
- $480k
- Net assets
- $15k
What Flying V Ltd does
Mission
Flying V is a performing arts organization that creates intersectional niche-based art to provide spaces of belonging to artists and audiences. We share and interpret modern mythologies that affirm individuals unique identities and their relationship to the world. Our work and how we create it is rooted in care for and accountability to those same individuals.
As stated on its FY2024 Form 990.
Programs
Flying V brought cerebral science fiction to the stage this fall with the regional premiere of Doctor Moloch by Carla Milarch. Its 2029. A Silicon Valley tech genius finishes development on the first humanoid medical AI Doctor Moloch. Theres just one problem: the good doctor lacks empathy. Enter Serena Blaise an award-winning actress in the twilight of her career hired to teach Doctor Moloch how to be human. With a multi-million dollar contract on the line can she afford to fail?
$32,179 spent$22,315 earned by the program18% of program spendingFlying V and Renaissance Rumbles continued partnership to bring state of the art pro-wrestling training to the DMV flourishes. Program focuses on expert performance and technique for advanced trainees as part of their gym membership.
$18,162 spent$31,560 earned by the program10% of program spendingThe Fights Wing at Flying V produced a three-arc theatrical spectacle exploring comedic movement based storytelling through pro-wrestling. Company favorite heroes teamed up to fight against the dark forces of the FighterVerse in adventures that keep you on the edge of your seat.
$17,349 spent$19,794 earned by the program10% of program spendingOther programs and general program support including: Summer Library Tour Play in a Day Workshops Readings convention programstabling programming contractors etc.
$111,415 spent$341 earned by the program62% of program spending
The 4 programs described on its FY2025 Form 990, listed largest first by expense. Program spending in total: $179,105.
The organization over time
Each line starts at 100 in 2017, so what you read is the shape rather than the size: 150 means half as much again as 2017, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.
Balance sheet
Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2019 to 2020, from $21k to $82k (+298%).
How it's funded, over time
Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.
Government-grant reliance: 2022 26% · 2023 32% · 2024 22%. Grants only. Government contracts and fees sit inside program revenue.
73% of FLYING V LTD’s revenue is contributions — more donation-reliant than the typical peer (64% for the typical peer).
Surplus & reserves
Operating surplus or deficit each year, and months of liquidity in hand. 6 of the last 8 reported years ran a deficit.
reserve
Leadership and staff
The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.
Chief executive
Alexandra Kelly Colburn
Executive Director
Board chair
Myra Cruz
Chair
As listed on its FY2025 Form 990.
The chief executive listed changed between the FY2022 and FY2023, and between the FY2023 and FY2024 filings.
Who funds it, year by year
2017 → 2023: the base broadened from 2 funders to 3 funders, grant income rose $36k → $65k.
5 of 6 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 93% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.
From the IRS filings of FLYING V LTD’s funders (the co-funder graph). Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How concentrated its funding is
FLYING V LTD leans on a few funders — its largest provides 76% of grant income and the top three 97%; half comes from just 1 funder.
the vertical line marks half of all grant income — 1 funder to its left
93% of the income these shares are computed over arrives through pass-through sponsors or from payers whose filings do not say what kind of payment it is. Concentration is still measured over all of it, because the money is real; what it does not support is a claim about how many institutions have chosen to fund FLYING V LTD.
Largest funder’s share by year: 2017 64% · 2018 100% · 2019 50% · 2020 65% · 2021 90% · 2022 67% · 2023 88% — growing more concentrated.
“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Where its funders are
93% of FLYING V LTD's grant income arrives through donor-advised or pass-through sponsors, whose addresses record where the money is held rather than where the donor is. Of the $36k that is directly attributable, 100% of it comes from Maryland funders.
In-state vs out-of-state, by year
Funder states come from each funder’s own filing. $444k arriving through sponsors registered in 3 states is excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Against its field
FLYING V LTD has grown faster than half of the 17,936 arts & culture nonprofits its size.
this organization peer median middle 50% of peers· 17,936 arts & culture nonprofits $100k–$1M, FY2024
Government funding FLYING V LTD receives
Grants and contracts to this organization from federal (USASpending) and state checkbooks, reconciled to its EIN. $629k on record.
- FEDERAL FINANCIAL ASSISTANCE - GENERAL $629k
Federal grants vs contracts are distinguished; state line items keep their reported category. Matched by name + geography (the BMF), so coverage is partial and precision-first.
Organizations like FLYING V LTD
Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.
In Maryland
Nationally
Read directly from this organization’s own Form 990, as neutral context.
Where the money goes
65% of spending goes to programs.
Governance
Public support
100%
Share of support from the public (Schedule A) — the basis for its public-charity status.
Footprint & structure
Files a return copy in 1 state
Screen this organization
A dated, signed PDF of the compliance screen for FLYING V LTD: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.
Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf
Questions and answers
- Who funds FLYING V LTD?
- FLYING V LTD (Maryland) receives grants from 6 organizations whose IRS filings report $480,026 to it, the largest being ARTS AND HUMANITIES COUNCIL OF MONTGOMER ($365,218). 4 of them have funded it in more than one year, and 93% of the money arrives through donor-advised or pass-through sponsors rather than from an institution directly.
- How many funders does FLYING V LTD have?
- IRS filings report 6 organizations giving $480,026 in grants to FLYING V LTD, 4 of which have funded it in more than one year.
- Who is the largest funder of FLYING V LTD?
- ARTS AND HUMANITIES COUNCIL OF MONTGOMER is the largest funder on record, with $365,218 in grants. The full list of funders is on this page.
- How can an organization like FLYING V LTD find more funders?
- Start with the funders already giving here, then look at the foundations that back similar organizations in Maryland. The funding by cause and by state pages list the largest funders for a given area and how to approach them.
Play a game about who funds Flying V Ltd →
These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2024 (financials across 2017–2024), and the filings of 6 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 14, 2026. What this page cannot tell you · view filing