Veterans Outreach Center Inc

Analysis

Veterans Outreach Center Inc is a registered charity in United States, based in Rochester, NY. It received its IRS tax-exemption ruling in March 1981, 45 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 December 2023, Veterans Outreach Center Inc reported income of $4.9m and spending of $4.2m, spending 86% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.4m to $4.9m (+42%), an average of +9.1% a year. The sharpest change came in the year to December 2021, when income rose by 63%. Over the whole period it spent 74% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Veterans Outreach Center Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 89th percentile within NY. Charities of a similar size with the same main cause include Inter-Cooperative Council at the University of Michigan ($4.9m), Canterbury Methodist Foundation ($4.9m) and H-C Management Services Inc ($4.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% of the total. Compensation of current officers, directors and key employees was $163k (3.9% of expenses). Other salaries and wages came to $2.1m. At year end it held assets of $14.6m against liabilities of $3.7m, net assets of $10.9m. It reported 64 employees.