Veterans Assistance Office Inc

Analysis

Veterans Assistance Office Inc is a registered charity in United States, based in Rutland, VT. It received its IRS tax-exemption ruling in December 1991, 35 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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 Assistance Office Inc reported income of $103k and spending of $90k, spending 87% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $132k to $103k (-21%), an average of -22% a year. The sharpest change came in the year to December 2023, when income dropped by 21%. Over the whole period it spent 91% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Veterans Assistance Office Inc sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 28th percentile within VT. Charities of a similar size with the same main cause include Mc-1 Foundation ($103k), Our Hometown Charitable Foundation ($103k) and Optimist Club Foundation of Clarkston Michigan ($103k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $218k against liabilities of $2,649, net assets of $216k.