Medal of Honor Foundation Inc

Analysis

Medal of Honor Foundation Inc is a registered charity in United States, based in Mt Pleasant, SC. It received its IRS tax-exemption ruling in May 1999, 27 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Medal of Honor Foundation Inc reported income of $1.3m and spending of $3.2m, spending 237% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $4.0m to $1.3m (-66%), an average of -24% a year. The sharpest change came in the year to December 2022, when income dropped by 79%. Over the whole period it spent 118% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Medal of Honor Foundation Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 85th percentile within SC. Charities of a similar size with the same main cause include Tricycle Theater for Youth ($1.3m), Voices of Our City Choir Inc ($1.3m) and Wolf Performing Arts Center Inc ($1.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 111% of the total. Other salaries and wages came to $270k. At year end it held assets of $6.4m against liabilities of $404k, net assets of $6.0m. It reported 3 employees.