Friends of the Medal of Honor Grove

Analysis

Friends of the Medal of Honor Grove is a registered charity in United States, based in Valley Forge, PA. It received its IRS tax-exemption ruling in November 2011, 15 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 June 2023, Friends of the Medal of Honor Grove reported income of $71k and spending of $78k, spending 110% of what it took in. Across the 2 years on record, from June 2022 to June 2023, income grew from $17k to $71k (+312%), an average of +312% a year. The sharpest change came in the year to June 2023, when income rose by 312%. Over the whole period it spent 210% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Friends of the Medal of Honor Grove sits at the 31st percentile: it is larger than about 31% of them. Against every charity in United States with reported income it ranks in the 28th percentile, and in the 26th percentile within PA. Charities of a similar size with the same main cause include Ridge Art Association Inc ($71k), Korean American Cultural Center of San Antonio ($71k) and Jewish Womens Repertory Company ($71k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $147k against liabilities of $0, net assets of $147k.