Folds of Honor Foundation

Analysis

Folds of Honor Foundation is a registered charity in United States, based in Placitas, NM. It received its IRS tax-exemption ruling in December 2015, 11 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 $190k and spending of $193k, spending 102% of its income. Across the 4 years on record, from December 2020 to December 2023, income fell from $202k to $190k (-6.2%), an average of -2.1% a year. The sharpest change came in the year to December 2023, when income dropped by 28%. Over the whole period it spent 102% 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 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 50th percentile within NM. Charities of a similar size with the same main cause include Njsia Educational Foundation Inc ($190k), Penn-Trafford Scholarship Foundation ($190k) and South Sudan Nation Builders ($189k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 64% of the total. At year end it held assets of $14k against liabilities of $0, net assets of $14k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.