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Virginia · Nonprofit

Special Operations Fund

Special Operations Fund (Virginia) receives grants from 64 organizations whose IRS filings report $5,428,679 to it, the largest being FIDELITY INVESTMENTS CHARITABLE GIFT FUND ($822,850). 36 of them have funded it in more than one year, and 57% of the money arrives through donor-advised or pass-through sponsors rather than from an institution directly.

Revenue FY2025
$2.9M
Funders on record
64
Grants received
$5.4M
Net assets
$15M
36/64 repeat funderspeak grant-dependency 59%
01What it does

What Special Operations Fund does

Mission

The Special Operations Fund (the "Fund") is a nonprofit organization that provides educational grants and support to the families of special mission unit warriors killed in action, killed in training, died in the line of duty, suicide, and Medal of Honor recipients. We also support the families of current and veteran special mission units' warriors with merit scholarships and other educational opportunities and programs.

As stated on its FY2025 Form 990.

Programs

  1. Provided educational grants and support to the families of special mission unit warriors killed in action, killed in training, died in the line of duty, suicide, and Medal of Honor recipients. Also, support was provided to the families of current and veteran special mission units' warriors with merit scholarships and other educational opportunities and programs.

    $1,915,163 spentof which $1,625,839 as grants
    94% of program spending
  2. Conducted a conference and other events to educate, and bring attention to, the public about current matters affecting special operations units and their families.

    $123,258 spent
    6% of program spending
  3. Warrior Health Initiative: A pilot executive health program at the Mayo Clinic for the medical evaluations of special operators who have previously transitioned, or are currently transitioning, out of military service. The program's objective is to facilitate a certain number of comprehensive medical evaluations. Further, the program will identify measurable outcomes such as the number of previously unidentified/unrecognized conditions per patient (diagnostic yield), the number of participants who engage in treatment relative to overall number of participants (treatment yield), and patient overall satisfaction with the program.

    $4,152 spent
    0% of program spending

The 3 programs described on its FY2025 Form 990, listed largest first by expense. Program spending in total: $2,042,573.

02The organization over time

The organization over time

Each line starts at 100 in 2020, so what you read is the shape rather than the size: 150 means half as much again as 2020, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.

100 = 20202020 Revenue 100 ($2.3M) Expenses 100 ($1.1M) Net assets 100 ($10M)2021 Revenue 82 ($1.9M) Expenses 127 ($1.4M) Net assets 114 ($12M)2022 Revenue 74 ($1.7M) Expenses 140 ($1.5M) Net assets 101 ($10M)2023 Revenue 80 ($1.9M) Expenses 167 ($1.8M) Net assets 114 ($12M)2024 Revenue 154 ($3.6M) Expenses 197 ($2.1M) Net assets 129 ($13M)2025 Revenue 123 ($2.9M) Expenses 203 ($2.2M) Net assets 146 ($15M)
202020212022202320242025
Revenue (123)Expenses (203)Net assets (146)Peer revenue range

Balance sheet

Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2024 to 2025, from $13M to $15M (+14%).

$10M
$12M
$10M
$12M
$13M
$15M
202020212022202320242025
Total assetsTotal liabilities

How it's funded, over time

Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.

2020
2021
2022
2023
2024
2025
ContributionsProgram revenueInvestmentOther

Government-grant reliance: 2021 1%. Grants only. Government contracts and fees sit inside program revenue.

85% of Special Operations Fund’s revenue is contributions — more donation-reliant than the typical peer (48% for the typical peer).

This organization
Typical peer · 12,360 orgs

Surplus & reserves

Operating surplus or deficit each year, and months of liquidity in hand. 0 of the last 6 reported years ran a deficit.

$1.3M
’20
$558k
’21
$227k
’22
$80k
’23
$1.5M
’24
$718k
’25
2.0
months of
reserve

Leadership and staff

The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.

Chief executive

Becki Chambers

Executive director

Board chair

D Michael Walden

Chairman

As listed on its FY2025 Form 990.

The chief executive listed changed between the FY2022 and FY2023 filings.

202020212022202320242025
Listed252425263030
Joined·+0+3+3+4+1
No longer listed·12201
03Who funds it

Who funds it, year by year

2017 → 2023: the base broadened from 8 funders to 28 funders, grant income rose $140k → $661k.

21 of 64 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 57% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.

From the IRS filings of Special Operations Fund’s funders (the co-funder graph). Top 30 of 64 funders by total. Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

How concentrated its funding is

Special Operations Fund has a broad base — no single funder exceeds 15% of grant income, and it takes 6 funders to reach half.

the vertical line marks half of all grant income — 6 funders to its left

58% of the income these shares are computed over arrives through pass-through sponsors or from payers whose filings do not say what kind of payment it is. Concentration is still measured over all of it, because the money is real; what it does not support is a claim about how many institutions have chosen to fund Special Operations Fund.

15%
largest funder
34%
top three
~17
effective funders

Largest funder’s share by year: 2017 29% · 2018 16% · 2019 19% · 2020 43% · 2021 24% · 2022 25% · 2023 16% — diversifying over time.

“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

How long its funders stay

47% of Special Operations Fund's funders are still giving 3 years after their first grant; 56% give in more than one year at all.

first grant+1y+2y+3y+4y+5y+6y

Share of funders still giving k years after their first recorded grant, pooled across every acquisition cohort. A funder counts as retained in a year only if it made a grant that year. Measured to FY2023, the last fiscal year that has finished arriving — a funder cannot be counted as lapsed in a year most filers have not reached.

Where its funders are

57% of Special Operations Fund's grant income arrives through donor-advised or pass-through sponsors, whose addresses record where the money is held rather than where the donor is. Of the $2.3M that is directly attributable, 100% of it comes from funders outside Virginia, across 18 states.

MN
IL
NY
MA
WY
OH
PA
NJ
CT
CA
CO
VA
DE
KS
AL
GA
TX
FL

In-state vs out-of-state, by year

’17
’18
’19
’20
’21
’22
’23
Virginia out of state home

Funder states come from each funder’s own filing. $3.1M arriving through sponsors registered in 14 states is excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

04Its place in the field

Against its field

Special Operations Fund runs a healthier operating margin than three-quarters of the 9,615 education nonprofits its size.

Operating margin25% · top quartile
Months of reserve2.0mo · below the median
Revenue growth (annualized)4% · below the median

this organization peer median middle 50% of peers· 9,615 education nonprofits $1M–$10M, FY2025

Organizations like Special Operations Fund

Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.

In Virginia

Nationally

05Profile & governance

Read directly from this organization’s own Form 990, as neutral context.

Where the money goes

94% of spending goes to programs.

Program 94%Management 6%Fundraising 0%

Governance

27
board members
100%
independent
✓Conflict-of-interest policy✓Whistleblower policy✓Document retention✓Board reviewed the 990✓Audited financials

Public support

76%

Share of support from the public (Schedule A) — the basis for its public-charity status.

Screen this organization

A dated, signed PDF of the compliance screen for Special Operations Fund: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.

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Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf

Questions and answers

Who funds Special Operations Fund?
Special Operations Fund (Virginia) receives grants from 64 organizations whose IRS filings report $5,428,679 to it, the largest being FIDELITY INVESTMENTS CHARITABLE GIFT FUND ($822,850). 36 of them have funded it in more than one year, and 57% of the money arrives through donor-advised or pass-through sponsors rather than from an institution directly.
How many funders does Special Operations Fund have?
IRS filings report 64 organizations giving $5,428,679 in grants to Special Operations Fund, 36 of which have funded it in more than one year.
Who is the largest funder of Special Operations Fund?
FIDELITY INVESTMENTS CHARITABLE GIFT FUND is the largest funder on record, with $822,850 in grants. The full list of funders is on this page.
How can an organization like Special Operations Fund find more funders?
Start with the funders already giving here, then look at the foundations that back similar organizations in Virginia. The funding by cause and by state pages list the largest funders for a given area and how to approach them.

These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2025 (financials across 2020–2025), and the filings of 64 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 22, 2026. What this page cannot tell you · view filing