Memories of Honor

Analysis

Memories of Honor is a registered charity in United States, based in Franklin, TN. 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, Memories of Honor reported income of $170k and spending of $126k, leaving 26% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $147k to $170k (+16%), an average of +16% a year. The sharpest change came in the year to December 2023, when income rose by 16%. Over the whole period it spent 77% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Memories of Honor sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 51st percentile within TN. Charities of a similar size with the same main cause include Faith in Action Caregivers NW ($170k), Northern Sierra Swimming Friends Inc ($170k) and Heartland Volleyball Club ($170k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 40% and program service revenue 60% of the total. At year end it held assets of $99k against liabilities of $0, net assets of $99k.