Folds of Honor Foundation

Analysis

Folds of Honor Foundation is a registered charity in United States, based in Charlotte, NC. 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 $314k and spending of $328k, spending 104% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $231k to $314k (+36%), an average of +17% a year. The sharpest change came in the year to December 2022, when income rose by 31%. Over the whole period it spent 100% 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 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 61st percentile within NC. Charities of a similar size with the same main cause include New Jersey Club Foundation Inc ($314k), Prairie Meadows Provate School Inc ($315k) and Bookwallah Organization ($314k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% of the total. At year end it held assets of $13k against liabilities of $0, net assets of $13k.