Veterans Place Inc

Analysis

Veterans Place Inc is a registered charity in United States, based in Northfield, VT. It received its IRS tax-exemption ruling in March 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 December 2023, Veterans Place Inc reported income of $559k and spending of $642k, spending 115% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $408k to $559k (+37%), an average of +8.2% a year. The sharpest change came in the year to December 2021, when income rose by 33%. Over the whole period it spent 114% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Veterans Place Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 67th percentile within VT. Charities of a similar size with the same main cause include Support for Prison Ministries ($559k), Greenville Chamber Foundation Inc ($560k) and Community Progress Incorporated ($559k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 23% and program service revenue 73% of the total. Compensation of current officers, directors and key employees was $68k (11% of expenses). Other salaries and wages came to $213k. At year end it held assets of $792k against liabilities of $19k, net assets of $773k. It reported 10 employees.