Folds of Honor Foundation

Analysis

Folds of Honor Foundation is a registered charity in United States, based in Hoover, AL. 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 $68k and spending of $82k, spending 120% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $165k to $68k (-59%), an average of -59% a year. The sharpest change came in the year to December 2023, when income dropped by 59%. Over the whole period it spent 109% 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 29th percentile: it is larger than about 29% of them. Against every charity in United States with reported income it ranks in the 27th percentile, and in the 26th percentile within AL. Charities of a similar size with the same main cause include Evans Elementary Home and School ($68k), Servicios Educativos Ebenezer Inc ($68k) and Jupiter Farms Community Elementrayparent Teacher Organization ($68k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 179% of the total. At year end it held assets of $54k against liabilities of $52k, net assets of $1,076.