Honor Wreaths for Veterans

Analysis

Honor Wreaths for Veterans is a registered charity in United States, based in Carterville, IL. It received its IRS tax-exemption ruling in August 2016, 10 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 Wreaths for Veterans reported income of $111k and spending of $87k, leaving 22% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $90k to $111k (+24%), an average of +24% a year. The sharpest change came in the year to December 2023, when income rose by 24%. Over the whole period it spent 83% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Honor Wreaths for Veterans sits at the 39th percentile: it is larger than about 39% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 41st percentile within IL. Charities of a similar size with the same main cause include Womens Excellence 4 Life ($111k), Friendship Volunteer Fire Department ($111k) and Jericho House Inc ($111k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $75k against liabilities of $0, net assets of $75k.