The Cape and Islands Veterans Outreach Center Inc

Analysis

The Cape and Islands Veterans Outreach Center Inc is a registered charity in United States, based in Hyannis, MA. It received its IRS tax-exemption ruling in October 1986, 40 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 June 2023, The Cape and Islands Veterans Outreach Center Inc reported income of $1.7m and spending of $1.8m, spending 104% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $839k to $1.7m (+102%), an average of +26% a year. The sharpest change came in the year to June 2022, when income rose by 37%. Over the whole period it spent 71% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The Cape and Islands Veterans Outreach Center Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 83rd percentile within MA. Charities of a similar size with the same main cause include Mid-Peninsula the Farm Inc ($1.7m), Boy Scouts of America ($1.7m) and Nami of South Carolina ($1.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 62% of the total. Other salaries and wages came to $559k. At year end it held assets of $3.9m against liabilities of $1.0m, net assets of $2.8m. It reported 16 employees.