Wall of Honor Inc

Analysis

Wall of Honor Inc is a registered charity in United States, based in Bismarck, ND. It received its IRS tax-exemption ruling in March 2020, 6 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Wall of Honor Inc reported income of $224k and spending of $274k, spending 122% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $185k to $224k (+21%), an average of +21% a year. The sharpest change came in the year to December 2023, when income rose by 21%. Over the whole period it spent 130% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Wall of Honor Inc 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 56th percentile, and in the 50th percentile within ND. Charities of a similar size with the same main cause include Lending Helping Hands to Others ($224k), Grinding Stone Collective Inc ($225k) and Forward Training Center of Hood County ($224k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 72% and program service revenue 28% of the total. Other salaries and wages came to $70k. It paid $7,650 in professional fundraising fees. At year end it held assets of $115k against liabilities of $474k, net assets of -$359k. It reported 1 employees.