Honor Veterans Now

Analysis

Honor Veterans Now is a registered charity in United States, based in Fredericksbrg, TX. It received its IRS tax-exemption ruling in November 2015, 11 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. 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 Veterans Now reported income of $813k and spending of $854k, spending 105% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $612k to $813k (+33%), an average of +7.4% a year. The sharpest change came in the year to December 2023, when income rose by 31%. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Honor Veterans Now 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 77th percentile, and in the 81st percentile within TX. Charities of a similar size with the same main cause include Jamestown Fine Arts Association Incorporated ($813k), United Way of Greater Texarkana ($813k) and Agape Counseling Associates Inc ($813k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $215k. At year end it held assets of $388k against liabilities of $66k, net assets of $322k. It reported 6 employees.