Bilingual Veterans Outreach Centers of Massachusetts Inc

Analysis

Bilingual Veterans Outreach Centers of Massachusetts Inc is a registered charity in United States, based in Springfield, MA. It received its IRS tax-exemption ruling in February 2013, 13 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Bilingual Veterans Outreach Centers of Massachusetts Inc reported income of $825k and spending of $947k, spending 115% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $820k to $825k (+0.7%), an average of +0.2% a year. Over the whole period it spent 108% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Bilingual Veterans Outreach Centers of Massachusetts Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 77th percentile within MA. Charities of a similar size with the same main cause include Association for Retarded Citizens Group Home Casa de Esperanza ($825k), Calvary Christian School Inc ($825k) and Habitat for Humanity International Inc ($825k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 79% and program service revenue 21% of the total. Compensation of current officers, directors and key employees was $77k (8.1% of expenses). At year end it held assets of $3.2m against liabilities of $3.1m, net assets of $112k. It reported 12 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.