Folds of Honor Foundation

Analysis

Folds of Honor Foundation is a registered charity in United States, based in Friendswood, TX. 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 $1.6m and spending of $1.3m, spending 81% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $1.4m to $1.6m (+17%), an average of +16% a year. The sharpest change came in the year to December 2023, when income rose by 17%. Over the whole period it spent 90% 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 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 87th percentile within TX. Charities of a similar size with the same main cause include Morelands Alternative Educational Academy Inc ($1.6m), Napa Valley College Foundation ($1.6m) and Hollis Montessori School ($1.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $411k against liabilities of $0, net assets of $411k.