Folds of Honor Foundation

Analysis

Folds of Honor Foundation is a registered charity in United States, based in Owasso, OK. It received its IRS tax-exemption ruling in October 2016, 10 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 $63.8m and spending of $51.7m, spending 81% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $35.1m to $63.8m (+82%), an average of +16% a year. The sharpest change came in the year to December 2021, when income rose by 37%. Over the whole period it spent 76% 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 99th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within OK. Charities of a similar size with the same main cause include Graduate Management Admission Council ($63.7m), Northwestern College ($63.9m) and South Dakota State University Foundation ($63.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $1.5m (2.9% of expenses). Other salaries and wages came to $5.3m. At year end it held assets of $105.4m against liabilities of $17.3m, net assets of $88.1m. It reported 96 employees.