Veterans Outreach

Analysis

Veterans Outreach is a registered charity in United States, based in Youngstown, OH. It received its IRS tax-exemption ruling in May 1995, 31 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 Outreach reported income of $2.5m and spending of $2.4m, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.7m to $2.5m (+47%), an average of +10% a year. The sharpest change came in the year to December 2021, when income rose by 19%. Over the whole period it spent 96% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Veterans Outreach sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 88th percentile within OH. Charities of a similar size with the same main cause include Asian American Futures ($2.5m), Cigar Family Charitable Foundation Inc ($2.5m) and Cerity Partners Foundation ($2.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $183k (7.5% of expenses). Other salaries and wages came to $564k. At year end it held assets of $981k against liabilities of $90k, net assets of $892k. It reported 70 employees.