Folds of Honor Foundation

Analysis

Folds of Honor Foundation is a registered charity in United States, based in Franklin, TN. 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 $1.3m and spending of $1.2m, spending 93% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $412k to $1.3m (+212%), an average of +46% a year. The sharpest change came in the year to December 2021, when income rose by 270%. Over the whole period it spent 93% 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 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 83rd percentile within TN. Charities of a similar size with the same main cause include Rose & Alex Pilibos Preschool ($1.3m), Kuemper Catholic School Foundation Inc ($1.3m) and Washtenaw Community College Foundation ($1.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% of the total. At year end it held assets of $353k against liabilities of $18k, net assets of $335k.