Folds of Honor Foundation

Analysis

Folds of Honor Foundation is a registered charity in United States, based in Wayzata, MN. 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 $1.8m and spending of $1.8m, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.0m to $1.8m (+79%), an average of +16% a year. The sharpest change came in the year to December 2021, when income rose by 109%. Over the whole period it spent 88% 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 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 84th percentile within MN. Charities of a similar size with the same main cause include Albemarle Educational Foundation Inc ($1.8m), New Learning Ventures Inc ($1.8m) and Delaware County Literacy Council ($1.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% of the total. Other salaries and wages came to $107k. At year end it held assets of $1.3m against liabilities of $13k, net assets of $1.3m. It reported 3 employees.