Honored Foundation

Analysis

Honored Foundation is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in September 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, Honored Foundation reported income of $446k and spending of $500k, spending 112% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $380k to $446k (+17%), an average of +4.1% a year. The sharpest change came in the year to December 2021, when income rose by 60%. Over the whole period it spent 103% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Honored Foundation sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 41st percentile within DC. Charities of a similar size with the same main cause include Urban Lighthouse Ministries ($446k), Harry K Foundation ($447k) and Padua Franciscan High School Endowment Trust ($446k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $86k (17% of expenses). Other salaries and wages came to $138k. At year end it held assets of $142k against liabilities of $11k, net assets of $131k. It reported 4 employees.