Word of Honor Fund

Analysis

Word of Honor Fund is a registered charity in United States, based in Bellevue, ID. It received its IRS tax-exemption ruling in April 2015, 11 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Word of Honor Fund reported income of $579k and spending of $388k, leaving 33% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $325k to $579k (+78%), an average of +16% a year. The sharpest change came in the year to December 2020, when income rose by 44%. Over the whole period it spent 74% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Word of Honor Fund sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 77th percentile within ID. Charities of a similar size with the same main cause include Kitchen on the Street Inc ($579k), No Struggle No Success Inc ($579k) and CBC Wee Care Center Inc ($579k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 92% of the total. Other salaries and wages came to $104k. At year end it held assets of $1.6m against liabilities of $22k, net assets of $1.6m. It reported 6 employees.