Veterans Legal Services Inc

Analysis

Veterans Legal Services Inc is a registered charity in United States, based in Boston, MA. It received its IRS tax-exemption ruling in May 1994, 32 years ago. 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 August 2023, Veterans Legal Services Inc reported income of $1.6m and spending of $1.3m, spending 82% of its income. Across the 5 years on record, from August 2019 to August 2023, income fell from $1.9m to $1.6m (-16%), an average of -4.4% a year. The sharpest change came in the year to August 2020, when income dropped by 52%. Over the whole period it spent 72% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Veterans Legal Services Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 83rd percentile within MA. Charities of a similar size with the same main cause include Pride of Baltimore Inc ($1.6m), Habitat for Humanity International Inc ($1.6m) and Three Rivers Ems ($1.6m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 96% of the total. Compensation of current officers, directors and key employees was $328k (26% of expenses). Other salaries and wages came to $515k. At year end it held assets of $3.8m against liabilities of $666k, net assets of $3.1m. It reported 12 employees.