FRIENDS OF THE NATIONAL WORLD WAR II MEMORIAL INC
Mission Statement
Founded in 2007, the Friends of the National World War II Memorial (Friends) is a 501(c)(3) organization dedicated to ensuring that the legacy, lessons, and sacrifices of World War II are not forgotten. To meet this mission, Friends sponsors an annual public lecture series featuring prominent historians; provides teachers with curriculum materials; and collects and archives video interviews of World War II veterans and other members of the Greatest Generation. Capturing the Voices of World War II, a service-learning program in which high school students interview World War II veterans at "their" Memorial, transforms the Memorial into an outdoor classroom and provides a unique platform to digitally document the stories brought to life through first-person veteran accounts. Additionally, Friends has the lead responsibility in planning and staging five or more major national commemorative events annually and each summer sponsors a dozen free public performances of military bands at the Memorial. Friends relies on private support to breathe new life into the Memorial and to ensure that it continues to serve as a living lesson for all Americans.
Financial Overview — FY 2024
Compared with Peers
FY 2024| Ratio | This org | Peer median | Position (P10 → P90) | |
|---|---|---|---|---|
|
Program expense ratio
Program expenses / total expenses
· higher is better
|
83.7% | 77.9% |
P10P90
|
Above median |
|
Admin expense ratio
Management and general / total expenses
· lower is better
|
4.0% | 14.4% |
P10P90
|
Top quarter |
|
Fundraising expense ratio
Fundraising expenses / total expenses
· lower is better
|
12.2% | 5.4% |
P10P90
|
Bottom quarter |
|
Operating reserve
Months of expenses covered by net assets
· higher is better
|
70.4 mo | 16.5 mo |
P10P90
|
Top quarter |
|
Liabilities to assets
Total liabilities / total assets
· lower is better
|
0.7% | 10.6% |
P10P90
|
Top quarter |
|
Revenue concentration
Share of revenue from the largest source
· lower is better
|
93.7% | 74.5% |
P10P90
|
Bottom quarter |
|
Revenue growth
Year over year revenue growth
|
199.3% | 7.8% |
P10P90
|
|
|
Expense growth
Year over year expense growth
|
-16.1% | 8.0% |
P10P90
|
|
|
Surplus margin
Surplus as a share of revenue
|
77.3% | -0.5% |
P10P90
|
Financial History
| Year | Revenue | Expenses | Net Assets | Program % | Staff |
|---|---|---|---|---|---|
| 2024 | $8.3M | $1.9M | $11.0M | 83.7% | 4 |
| 2023 | $2.8M | $2.2M | $4.5M | 76.3% | 4 |
| 2022 | $2.3M | $1.7M | $5.9M | 61.1% | 5 |
| 2021 | $2.9M | $1.9M | $5.6M | 65.6% | 4 |
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