Honor and Remember

Analysis

Honor and Remember is a registered charity in United States, based in Chesapeake, VA. It received its IRS tax-exemption ruling in September 2008, 18 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, Honor and Remember reported income of $437k and spending of $556k, spending 127% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income fell from $500k to $437k (-13%), an average of -6.5% a year. Over the whole period it spent 106% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Honor and Remember sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 68th percentile within VA. Charities of a similar size with the same main cause include Artlab21 Foundation ($437k), The Codex Foundation ($437k) and Indianapolis Scottish Rite Cathedral Foundation Inc ($437k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 60% and program service revenue 17% of the total. Compensation of current officers, directors and key employees was $87k (16% of expenses). Other salaries and wages came to $115k. At year end it held assets of $478k against liabilities of $303k, net assets of $175k. It reported 4 employees.