The Saugerties Memorial Post No 5034 VFW of the US Inc

Analysis

The Saugerties Memorial Post No 5034 VFW of the US Inc is a registered charity in United States, based in Saugerties, NY. It received its IRS tax-exemption ruling in March 2018, 8 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable 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, The Saugerties Memorial Post No 5034 VFW of the US Inc reported income of $52k and spending of $32k, leaving 40% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $34k to $52k (+54%), an average of +11% a year. The sharpest change came in the year to December 2021, when income rose by 362%. Over the whole period it spent 75% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The Saugerties Memorial Post No 5034 VFW of the US Inc sits at the 20th percentile: it is larger than about 20% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 22nd percentile within NY. Charities of a similar size with the same main cause include Froelich Foundation for the Preservation of Farm Tractor Histo ($52k), Little League Baseball Inc ($52k) and Westfield High School Marching Band Parents Association ($52k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 92% of the total. At year end it held assets of $202k against liabilities of $0, net assets of $202k.