Friends of Central Texas State Veterans Cemetery

Analysis

Friends of Central Texas State Veterans Cemetery is a registered charity in United States, based in Harker Heights, TX. It received its IRS tax-exemption ruling in May 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, Friends of Central Texas State Veterans Cemetery reported income of $213k and spending of $38k, leaving 82% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $121k to $213k (+76%), an average of +15% a year. The sharpest change came in the year to December 2021, when income rose by 116%. Over the whole period it spent 31% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Friends of Central Texas State Veterans Cemetery sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 59th percentile within TX. Charities of a similar size with the same main cause include Nexus Youth and Families ($213k), Helping Hands Payee Services Inc ($213k) and Greene Alliance of Church & Community Efforts ($213k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. At year end it held assets of $654k against liabilities of $0, net assets of $654k.