Charity Search / HONOR FOUNDATION
Employment (J20) IRS Verified DX Registered 990 on File

HONOR FOUNDATION

EIN: 46-2952873 · SAN DIEGO, CA 92121-1217 · United States · FY 2024 Data
3 out of 5 52 / 100 Based on 2+ years of filings
Financial strength (30%) 68/100
Reliability (20%) 50/100
Effectiveness (25%) 85/100
Impact (25%) No data yet
Financial data: FY 2024 · Scored 9/13/2026
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CharityAI™ Score
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Mission Statement

The Honor Foundation (THF) is a career transition program for U.S. Special Operations Forces that effectively translates their elite military service to the private sector and helps create the next generation of corporate and community leaders. We provide a clear process for professional development and a diverse ecosystem of world class support and technology. Every step is dedicated to preparing these outstanding men and women to continue to realize their maximum potential during and after their service career.

Financial Overview — FY 2024
$8.5M
Total Revenue
$7.5M
Total Expenses
$6.6M
Net Assets
40
Employees
Revenue Sources
Expense Breakdown
Program Expense Ratio 93.1%
Fundraising Efficiency 183.5%
Operating Reserve 10.54x
Liability-to-Asset 2.6%
Revenue Diversification 100.6%
Executive Compensation $642K
Compared with Peers
FY 2024
Compared with 811 similar organizations (United States, Employment, $1M–$10M in expenses), FY 2024.
This organization Middle half of peers (P25–P75) Peer median
Ratio This org Peer median Position (P10 → P90)
Program expense ratio
Program expenses / total expenses · higher is better
93.1% 84.7%
P10P90
Top quarter
Admin expense ratio
Management and general / total expenses · lower is better
1.3% 13.5%
P10P90
Top quarter
Fundraising expense ratio
Fundraising expenses / total expenses · lower is better
5.7% 0.0%
P10P90
Bottom quarter
Fundraising efficiency
Fundraising expenses / gross fundraising income · lower is better
183.5% 132.6%
P10P90
Below median
Operating reserve
Months of expenses covered by net assets · higher is better
10.5 mo 10.5 mo
P10P90
Below median
Liabilities to assets
Total liabilities / total assets · lower is better
2.6% 15.0%
P10P90
Top quarter
Revenue concentration
Share of revenue from the largest source · lower is better
100.6% 92.9%
P10P90
Bottom quarter
Revenue growth
Year over year revenue growth
10.9% 8.7%
P10P90
Expense growth
Year over year expense growth
24.9% 8.1%
P10P90
Surplus margin
Surplus as a share of revenue
11.1% 3.6%
P10P90
Impact
1 program
Outcome / Program People Served Cost / Service # Completed Duration
Reduce negative outcomes from the transition process from Active Duty to Civilian 775 $9,200.00 — Per Year
Financial History
Year Revenue Expenses Net Assets Program % Staff
2024 $8.5M $7.5M $6.6M 93.1% 40
2023 $7.7M $6.0M $5.5M 91.1% 37
2022 $5.0M $4.4M $3.7M 85.5% 29
2021 $4.1M $3.2M N/A — 27
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Organization Details
EIN
46-2952873
State
CA
City
SAN DIEGO
ZIP
92121-1217
Classification
J20
Category
Employment
Rating
3★
Coverage
A
Last Updated
Aug 2026
IRS Ruling Year
2014
Foundation Code
15
Form 990
On File
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