Vero Beach Police Benevolent Association Inc

Analysis

Vero Beach Police Benevolent Association Inc is a registered charity in United States, based in Vero Beach, FL. It received its IRS tax-exemption ruling in April 1981, 45 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 March 2023, Vero Beach Police Benevolent Association Inc reported income of $64k and spending of $32k, leaving 50% of income unspent that year. Across the 2 years on record, from March 2022 to March 2023, income fell from $70k to $64k (-8.4%), an average of -8.4% a year. Over the whole period it spent 45% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Vero Beach Police Benevolent Association Inc sits at the 25th percentile: it is larger than about 25% of them. Against every charity in United States with reported income it ranks in the 25th percentile, and in the 29th percentile within FL. Charities of a similar size with the same main cause include Oklahoma Home and Community Education Inc ($64k), Cherry Valley Memorial Library ($64k) and Options Program ($64k).

On its Form 990-EZ for the period ending March 2023, revenue came from contributions and grants 65% of the total. At year end it held assets of $368k against liabilities of $0, net assets of $368k.