Top Honors Incorporated

Analysis

Top Honors Incorporated is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in January 2003, 23 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Top Honors Incorporated reported income of $730k and spending of $744k, spending 102% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $193k to $730k (+279%), an average of +40% a year. The sharpest change came in the year to June 2021, when income rose by 164%. Over the whole period it spent 87% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Top Honors Incorporated sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 71st percentile within NY. Charities of a similar size with the same main cause include Maine Association for the Education of Young Children ($730k), Arapahoe Educational Trust ($730k) and Navigate STL Schools ($730k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $206k (28% of expenses). Other salaries and wages came to $258k. At year end it held assets of $772k against liabilities of $84k, net assets of $688k. It reported 21 employees.