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Maryland · Nonprofit

YELLOW RIBBON FUND INC

YELLOW RIBBON FUND INC (Maryland) receives grants from 129 organizations whose IRS filings report $5,551,673 to it, the largest being FIDELITY INVESTMENTS CHARITABLE GIFT FUND ($774,667). 75 of them have funded it in more than one year.

Revenue FY2025
$2.6M
Funders on record
129
Grants received
$5.6M
Net assets
$2.2M
75/129 repeat funderspeak grant-dependency 36%
01What it does

What Yellow Ribbon Fund Inc does

Mission

Responsibly provide high-touch support for wounded, ill, and injured American service members and their families and caregivers to fill gaps throughout recovery and reintegration to home communities, through an engaged national network.

As stated on its FY2025 Form 990.

Programs

  1. Crossroads Program: provides housing and transportation to families of wounded, ill, and injured post 9/11 service members receiving extended medical care and/or rehabilitation at the Walter Reed National Military Medical Center in Bethesda, Maryland or at other local military or Veterans Administration hospitals across the United States. YRF provides free rental cars, hotel stays, fully-furnished apartments, and other assistance to keep families together during extensive medical treatment and rehabilitation.

    $984,989 spentof which $224,069 as grants
    45% of program spending
  2. Keystone Program: From its beginning, YRF has paid special attention to the needs of military caregivers. Through this program, YRF provides military caregivers and disabled veterans sanctuary, skills, and stability through monthly respite, social events, access to physical fitness programs, and educational and life skills training, all to keep the disabled veteran family strong and to help reduce the likelihood of veteran suicides.

    $645,568 spentof which $33,298 as grants
    30% of program spending
  3. Retreats Program: YRF works with donors to provide retreats to caregivers and their disabled veteran and family to provide a break from the tedium of lifelong medical crises, to provide training and life skills, to encourage wellness, and to provide bonding and networking with those in similar circumstances.

    $323,508 spent
    15% of program spending
  4. General program expenses and veteran family engagement.

    $219,691 spentof which $6,757 as grants
    10% of program spending

The 4 programs described on its FY2025 Form 990, listed largest first by expense. Program spending in total: $2,173,756.

02The organization over time

The organization over time

Each line starts at 100 in 2017, so what you read is the shape rather than the size: 150 means half as much again as 2017, 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 = 20172017 Revenue 100 ($2.3M) Expenses 100 ($2.4M) Net assets 100 ($1.1M)2018 Revenue 78 ($1.8M) Expenses 94 ($2.3M) Net assets 50 ($527k)2019 Revenue 83 ($1.9M) Expenses 69 ($1.7M) Net assets 69 ($726k)2020 Revenue 92 ($2.1M) Expenses 71 ($1.7M) Net assets 102 ($1.1M)2021 Revenue 103 ($2.3M) Expenses 89 ($2.2M) Net assets 116 ($1.2M)2022 Revenue 135 ($3.1M) Expenses 94 ($2.3M) Net assets 187 ($2.0M)2023 Revenue 119 ($2.7M) Expenses 104 ($2.6M) Net assets 199 ($2.1M)2024 Revenue 123 ($2.8M) Expenses 104 ($2.6M) Net assets 221 ($2.3M)2025 Revenue 114 ($2.6M) Expenses 110 ($2.7M) Net assets 210 ($2.2M)
'17'18'19'20'21'22'23'24'25
Revenue (114)Expenses (110)Net assets (210)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 2021 to 2022, from $1.3M to $2.0M (+50%).

$1.2M
$655k
$826k
$1.1M
$1.3M
$2.0M
$2.2M
$2.8M
$2.4M
'17'18'19'20'21'22'23'24'25
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.

2017
2018
2019
2020
2021
2022
2023
2024
2025
ContributionsProgram revenueInvestmentOther

Government-grant reliance: 2017 0% · 2018 0% · 2019 0% · 2020 0% · 2021 2% · 2022 4% · 2023 0% · 2024 0% · 2025 0%. Grants only. Government contracts and fees sit inside program revenue.

96% of YELLOW RIBBON FUND INC’s revenue is contributions — more donation-reliant than the typical peer (82% for the typical peer).

This organization
Typical peer · 3,053 orgs

Surplus & reserves

Operating surplus or deficit each year, and months of liquidity in hand. 3 of the last 9 reported years ran a deficit.

−$187k
’17
−$527k
’18
$199k
’19
$349k
’20
$155k
’21
$746k
’22
$131k
’23
$225k
’24
−$116k
’25
8.4
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

Gina Harrow

Executive Director

Board chair

Gary Bowman

Chair

As listed on its FY2025 Form 990.

The chief executive listed changed between the FY2019 and FY2020 filings.

'17'18'19'20'21'22'23'24'25
Listed232420232224212120
Joined·+4+7+10+3+3+4+2+4
No longer listed·311741725
03Who funds it

Who funds it, year by year

2017 → 2023: the base broadened from 21 funders to 55 funders, grant income rose $357k → $960k.

22 of 129 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 42% 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 YELLOW RIBBON FUND INC’s funders (the co-funder graph). Top 30 of 129 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

YELLOW RIBBON FUND INC has a broad base — no single funder exceeds 14% of grant income, and it takes 8 funders to reach half.

the vertical line marks half of all grant income — 8 funders to its left

59% 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 YELLOW RIBBON FUND INC.

14%
largest funder
31%
top three
~20
effective funders

Largest funder’s share by year: 2017 49% · 2018 16% · 2019 19% · 2020 18% · 2021 13% · 2022 21% · 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

36% of YELLOW RIBBON FUND INC's funders are still giving 3 years after their first grant; 58% 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

YELLOW RIBBON FUND INC draws 76% of its grant income from funders outside Maryland, across 26 states in all.

WA
IL
MI
NY
MA
NV
IN
OH
PA
NJ
CT
CA
CO
NE
MO
KY
VA
MD
DE
AZ
NC
SC
DC
GA
TX
FL

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

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

Funder states come from each funder’s own filing. $2.3M arriving through sponsors registered in 13 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

YELLOW RIBBON FUND INC is better cushioned than half of the 1,645 philanthropy nonprofits its size.

Operating margin−4% · bottom quartile
Months of reserve8.4mo · above the median
Revenue growth (annualized)2% · below the median

this organization peer median middle 50% of peers· 1,645 philanthropy nonprofits $1M–$10M, FY2025

Government funding YELLOW RIBBON FUND INC receives

Grants and contracts to this organization from federal (USASpending) and state checkbooks, reconciled to its EIN. $12k on record.

State$12k
23
24
Top programs
  • REFUNDS - GENERAL $12k

Federal grants vs contracts are distinguished; state line items keep their reported category. Matched by name + geography (the BMF), so coverage is partial and precision-first.

Organizations like YELLOW RIBBON FUND INC

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 Maryland

Nationally

05Profile & governance

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

Where the money goes

85% of spending goes to programs.

Program 85%Management 5%Fundraising 10%

Governance

17
board members
100%
independent
✓Conflict-of-interest policy✓Whistleblower policy✓Document retention✓Board reviewed the 990✓Audited financials

Public support

98%

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

Footprint & structure

Files a return copy in 19 states

MI
NY
OH
PA
NJ
CA
CO
MO
KY
VA
MD
KS
TN
NC
SC
DC
HI
OK
FL

Screen this organization

A dated, signed PDF of the compliance screen for YELLOW RIBBON FUND INC: 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.

A paid feature, included from the $75 plan up. Sign in to download.

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 YELLOW RIBBON FUND INC?
YELLOW RIBBON FUND INC (Maryland) receives grants from 129 organizations whose IRS filings report $5,551,673 to it, the largest being FIDELITY INVESTMENTS CHARITABLE GIFT FUND ($774,667). 75 of them have funded it in more than one year.
How many funders does YELLOW RIBBON FUND INC have?
IRS filings report 129 organizations giving $5,551,673 in grants to YELLOW RIBBON FUND INC, 75 of which have funded it in more than one year.
Who is the largest funder of YELLOW RIBBON FUND INC?
FIDELITY INVESTMENTS CHARITABLE GIFT FUND is the largest funder on record, with $774,667 in grants. The full list of funders is on this page.
How can an organization like YELLOW RIBBON FUND INC find more funders?
Start with the funders already giving here, then look at the foundations that back similar organizations in Maryland. The funding by cause and by state pages list the largest funders for a given area and how to approach them.

Play a game about who funds Yellow Ribbon →

These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2025 (financials across 2017–2025), and the filings of 129 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