Vets Helping Heroes Inc

Analysis

Vets Helping Heroes Inc is a registered charity in United States, based in Boca Raton, FL. It received its IRS tax-exemption ruling in January 2008, 18 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 April 2024, Vets Helping Heroes Inc reported income of $654k and spending of $466k, leaving 29% of income unspent that year. Across the 5 years on record, from April 2020 to April 2024, income grew from $367k to $654k (+78%), an average of +16% a year. The sharpest change came in the year to April 2022, when income rose by 119%. Over the whole period it spent 80% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Vets Helping Heroes Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 76th percentile within FL. Charities of a similar size with the same main cause include Parklands Foundation ($654k), New Jersey State Organization of Cystic Fibrosis ($655k) and Central Missouri Honor Flight Inc ($654k).

On its Form 990 for the period ending April 2024, revenue came from contributions and grants 99% of the total. At year end it held assets of $745k against liabilities of $14k, net assets of $731k.