Veterans Support Foundation

Analysis

Veterans Support Foundation is a registered charity in United States, based in Detroit, MI. It received its IRS tax-exemption ruling in March 1996, 30 years ago. Its declared purposes cover unknown, which this site groups under other charitable purposes. 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 September 2023, Veterans Support Foundation reported income of $628k and spending of $777k, spending 124% of what it took in. Across the 4 years on record, from September 2020 to September 2023, income fell from $1.5m to $628k (-58%), an average of -25% a year. The sharpest change came in the year to September 2022, when income dropped by 58%. Over the whole period it spent 104% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Veterans Support Foundation sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 74th percentile within MI. Charities of a similar size with the same main cause include Footprints Foundation Inc ($628k), United Church Residences of Canal Winchester Inc ($628k) and Kirpal Light Satsang Inc ($628k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 89% and program service revenue 6.2% of the total. Other salaries and wages came to $58k. It paid $471k in professional fundraising fees. At year end it held assets of $1.7m against liabilities of $0, net assets of $1.7m. It reported 2 employees.