Vietnam Veterans Workshop Inc

Analysis

Vietnam Veterans Workshop Inc is a registered charity in United States, based in Boston, MA. It received its IRS tax-exemption ruling in September 1988, 38 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 June 2023, Vietnam Veterans Workshop Inc reported income of $17.2m and spending of $14.0m, spending 82% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $9.2m to $17.2m (+87%), an average of +17% a year. The sharpest change came in the year to June 2023, when income rose by 44%. Over the whole period it spent 90% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Vietnam Veterans Workshop Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 96th percentile within MA. Charities of a similar size with the same main cause include Lavender Mountain Senior Living Inc ($17.2m), Sisters of Charity Housing Development Corporation ($17.2m) and Oregon Coast Community Action ($17.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 96% and program service revenue 1.3% of the total. Compensation of current officers, directors and key employees was $582k (4.1% of expenses). Other salaries and wages came to $5.7m. At year end it held assets of $39.4m against liabilities of $12.6m, net assets of $26.8m. It reported 126 employees.