Folds of Honor Foundation

Analysis

Folds of Honor Foundation is a registered charity in United States, based in Inverness, IL. It received its IRS tax-exemption ruling in December 2015, 11 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Folds of Honor Foundation reported income of $4.2m and spending of $3.1m, leaving 25% of income unspent that year. Across the 6 years on record, from December 2018 to December 2023, income grew from $2.8m to $4.2m (+52%), an average of +8.7% a year. The sharpest change came in the year to December 2021, when income rose by 96%. Over the whole period it spent 84% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Folds of Honor Foundation 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 91st percentile, and in the 91st percentile within IL. Charities of a similar size with the same main cause include Chelsea Day School Inc ($4.2m), French Broad River Academy Inc ($4.2m) and Life Lab Science Program ($4.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 110% of the total. At year end it held assets of $6.1m against liabilities of $3.2m, net assets of $2.9m.