Veterans Health Foundation

Analysis

Veterans Health Foundation is a registered charity in United States, based in Pittsburgh, PA. It received its IRS tax-exemption ruling in July 1992, 34 years ago. The IRS classifies it as a hospital or medical research organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Veterans Health Foundation reported income of $3.4m and spending of $3.0m, spending 89% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.0m to $3.4m (+67%), an average of +14% a year. The sharpest change came in the year to December 2021, when income rose by 36%. Over the whole period it spent 106% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Veterans Health Foundation 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 90th percentile, and in the 88th percentile within PA. Charities of a similar size with the same main cause include West Jersey Health System Workers Compensation TR ($3.4m), Hopes Door Inc ($3.4m) and Lititz Area Mennonite School ($3.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 58% and program service revenue 38% of the total. Compensation of current officers, directors and key employees was $169k (5.7% of expenses). Other salaries and wages came to $1.2m. At year end it held assets of $5.1m against liabilities of $784k, net assets of $4.3m. It reported 35 employees.