Folds of Honor Foundation

Analysis

Folds of Honor Foundation is a registered charity in United States, based in Canton, MI. 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 $910k and spending of $794k, spending 87% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $119k to $910k (+665%), an average of +97% a year. The sharpest change came in the year to December 2023, when income rose by 203%. Over the whole period it spent 92% 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 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 78th percentile within MI. Charities of a similar size with the same main cause include Foundation for Rural Service ($910k), Hope Christian Academy Inc ($910k) and Bnai Simcha Jewish Community Preschool ($910k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 78% of the total. At year end it held assets of $193k against liabilities of $32k, net assets of $162k.