Vail Veterans Foundation Inc

Analysis

Vail Veterans Foundation Inc is a registered charity in United States, based in Vail, CO. It received its IRS tax-exemption ruling in July 2007, 19 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Vail Veterans Foundation Inc reported income of $1.7m and spending of $1.6m, spending 95% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $2.0m to $1.7m (-15%), an average of -4.1% a year. The sharpest change came in the year to December 2021, when income rose by 274%. Over the whole period it spent 87% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Vail Veterans Foundation Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 84th percentile within CO. Charities of a similar size with the same main cause include Pauline & Thomas Healthcare Inc ($1.7m), Brockport Child Day Care Center Inc ($1.7m) and Work Opportunity in Rural Communities Inc ($1.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 88% of the total. Compensation of current officers, directors and key employees was $240k (15% of expenses). Other salaries and wages came to $147k. At year end it held assets of $6.0m against liabilities of $62k, net assets of $5.9m. It reported 7 employees.