Veteran Community Initiatives Inc

Analysis

Veteran Community Initiatives Inc is a registered charity in United States, based in Johnstown, PA. It received its IRS tax-exemption ruling in September 2006, 20 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 June 2024, Veteran Community Initiatives Inc reported income of $375k and spending of $404k, spending 108% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $232k to $375k (+61%), an average of +13% a year. The sharpest change came in the year to June 2022, when income rose by 92%. Over the whole period it spent 84% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Veteran Community Initiatives Inc sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 64th percentile within PA. Charities of a similar size with the same main cause include New Dimensions Development Foundation Inc ($375k), The Sun City Posse Inc ($375k) and H O L I E of West Allis Inc ($375k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $67k (16% of expenses). Other salaries and wages came to $176k. At year end it held assets of $626k against liabilities of $58k, net assets of $567k. It reported 4 employees.